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

Bank of Hawaii (NYSE:BOH) will likely be releasing its earnings data 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. Parties interested in participating in the company’s conference call can do so using this link.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results 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. The firm had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period in the prior 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 52-week low of $54.50 and a 52-week high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The business has a fifty day moving average of $73.39 and a two-hundred day moving average of $69.08. The stock has a market cap of $2.82 billion, a PE ratio of 21.30 and a beta of 1.05.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Friday, November 29th. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Insider Transactions at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the transaction, the insider now owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BOH shares. Stephens assumed coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company. Barclays raised their price target on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods boosted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler increased their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, DA Davidson lifted their price target on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three equities research 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. According to MarketBeat.com, the company currently has an average 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.