Bank of Hawaii (BOH) Projected to Post Quarterly Earnings on Monday

Bank of Hawaii (NYSE:BOH) is expected to post its quarterly earnings results before the market opens on Monday, January 27th. Analysts expect Bank of Hawaii to post earnings of $0.87 per share and revenue of $163,363.67 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The business had revenue of $265.76 million during the quarter, compared to analyst estimates of $160.29 million. During the same quarter last year, the firm earned $1.17 earnings per share. On average, analysts expect Bank of Hawaii to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Bank of Hawaii Trading Up 0.3 %

BOH opened at $71.12 on Monday. The firm’s 50 day moving average is $74.10 and its 200-day moving average is $68.66. Bank of Hawaii has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.83 billion, a P/E ratio of 21.36, a P/E/G ratio of 4.51 and a beta of 1.05.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, November 29th. Bank of Hawaii’s payout ratio is 84.08%.

Insider Buying and Selling

In other news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the transaction, the insider now directly owns 13,717 shares in the company, valued at approximately $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BOH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson raised their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Piper Sandler upped their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Barclays increased their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Stephens initiated coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.83.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.