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

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

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

Bank of Hawaii Stock Down 0.3 %

Shares of NYSE BOH opened at $70.94 on Friday. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The firm has a market cap of $2.82 billion, a P/E ratio of 21.30 and a beta of 1.05. The firm’s 50 day moving average price is $73.39 and its 200 day moving average price is $69.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Friday, November 29th. Bank of Hawaii’s payout ratio is 84.08%.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were 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 of the company’s stock, valued at $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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