Bank of Hawaii (BOH) Expected to Announce Earnings on Monday

Bank of Hawaii (NYSE:BOH) will likely be posting its quarterly earnings results before the market opens on Monday, April 21st. Analysts expect Bank of Hawaii to post earnings of $0.89 per share and revenue of $168.65 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, analysts expect Bank of Hawaii to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bank of Hawaii Price Performance

NYSE BOH opened at $64.99 on Friday. Bank of Hawaii has a 12-month low of $54.50 and a 12-month high of $82.70. The firm’s 50 day moving average is $67.92 and its 200-day moving average is $70.88. The company has a market capitalization of $2.59 billion, a PE ratio of 18.78 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 4.31%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 80.92%.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 449 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the transaction, the insider now owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BOH shares. Piper Sandler lifted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Barclays cut their price objective on Bank of Hawaii from $66.00 to $64.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Finally, DA Davidson increased their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $72.67.

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.