Bank of Hawaii (BOH) to Release Quarterly Earnings on Monday

Bank of Hawaii (NYSE:BOH) is anticipated to release its earnings data 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. Parties interested in registering for the company’s conference call can do so using this link.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. 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 Stock Up 1.2 %

Shares of NYSE BOH opened at $64.99 on Friday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 18.78 and a beta of 0.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii has a 12 month low of $54.50 and a 12 month high of $82.70. The stock has a 50-day moving average price of $67.92 and a two-hundred day moving average price of $70.88.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii’s dividend payout ratio is 80.92%.

Insider Buying and Selling at Bank of Hawaii

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s 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 in the company, valued at $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now directly owns 9,880 shares of the company’s stock, valued at $740,703.60. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BOH. Barclays cut their target price on shares of Bank of Hawaii from $66.00 to $64.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. DA Davidson raised their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Piper Sandler upped their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Bank of Hawaii presently has an average rating of “Hold” and a consensus target price 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.