Bank of Hawaii (BOH) to Release Earnings on Monday

Bank of Hawaii (NYSE:BOHGet Free Report) is scheduled to be releasing its earnings data before the market opens on Monday, April 22nd. Analysts expect Bank of Hawaii to post earnings of $0.91 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Bank of Hawaii (NYSE:BOHGet Free Report) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. The firm had revenue of $252.63 million during the quarter, compared to analysts’ expectations of $161.03 million. Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. During the same period in the prior year, the company posted $1.50 EPS. 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 Price Performance

Shares of NYSE:BOH opened at $58.40 on Friday. The firm has a market cap of $2.32 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06. Bank of Hawaii has a 52 week low of $30.83 and a 52 week high of $75.19. The firm’s fifty day moving average is $60.51 and its 200-day moving average is $60.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Wednesday, February 28th. Bank of Hawaii’s payout ratio is presently 67.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BOH shares. Barclays initiated coverage on Bank of Hawaii in a research note on Friday, March 8th. They issued an “underweight” rating and a $51.00 price target for the company. Piper Sandler lowered their price target on shares of Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Jefferies Financial Group reduced their price objective on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Keefe, Bruyette & Woods lowered their target price on shares of Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 23rd. Finally, StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Reduce” and an average price target of $53.60.

Check Out Our Latest Stock Report on Bank of Hawaii

Institutional Trading of Bank of Hawaii

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. grew its holdings in Bank of Hawaii by 160.9% in the fourth quarter. Bessemer Group Inc. now owns 647 shares of the bank’s stock worth $50,000 after purchasing an additional 399 shares during the period. Covestor Ltd grew its stake in shares of Bank of Hawaii by 72.4% in the 1st quarter. Covestor Ltd now owns 707 shares of the bank’s stock valued at $59,000 after buying an additional 297 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of Bank of Hawaii by 27.9% in the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock valued at $60,000 after buying an additional 155 shares during the period. Captrust Financial Advisors increased its position in Bank of Hawaii by 91.0% in the 1st quarter. Captrust Financial Advisors now owns 938 shares of the bank’s stock valued at $79,000 after buying an additional 447 shares in the last quarter. Finally, Clear Street Markets LLC acquired a new position in Bank of Hawaii during the 4th quarter worth approximately $87,000. Institutional investors own 82.18% of the company’s stock.

About Bank of Hawaii

(Get Free Report)

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.

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Earnings History for Bank of Hawaii (NYSE:BOH)

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