Bank of Hawaii (NYSE:BOH) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Bank of Hawaii (NYSE:BOH) posted its quarterly earnings data on Monday. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08, RTT News reports. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. During the same quarter in the previous year, the company posted $0.87 EPS.

Bank of Hawaii Stock Up 1.2 %

Shares of BOH stock opened at $64.99 on Monday. The stock has a market cap of $2.59 billion, a P/E ratio of 18.78 and a beta of 0.87. The company’s fifty day simple moving average is $67.92 and its two-hundred day simple moving average is $70.94. 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 has a 52 week low of $54.50 and a 52 week high of $82.70.

Bank of Hawaii Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on BOH. DA Davidson upped their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Barclays dropped their target price on shares of 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, Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Three 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, the company has an average rating of “Hold” and a consensus target price of $72.67.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the firm’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 transaction of $33,661.53. Following the completion of the transaction, the insider now owns 9,880 shares in the company, valued at $740,703.60. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 trade represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.07% of the company’s stock.

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.