Bank of Hawaii (BOH) Announces Earnings Results, Misses Expectations By $0.08 EPS

Bank of Hawaii (NYSE:BOH) posted its earnings results on Monday. The bank reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.08), RTT News reports. Bank of Hawaii had a net margin of 27.27% and a return on equity of 15.45%. During the same period in the previous year, the business posted $1.02 earnings per share.

Bank of Hawaii (BOH) opened at $86.73 on Monday. Bank of Hawaii has a 52 week low of $74.72 and a 52 week high of $89.39. The firm has a market capitalization of $3,684.17, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.22.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.40%. Bank of Hawaii’s dividend payout ratio is presently 47.82%.

Bank of Hawaii declared that its Board of Directors has authorized a share repurchase program on Monday, October 23rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the bank to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $92.00 target price on shares of Bank of Hawaii in a research note on Friday, December 22nd. Zacks Investment Research lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $92.50 target price on shares of Bank of Hawaii in a research note on Tuesday, January 9th. Compass Point raised Bank of Hawaii from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Finally, Barclays increased their price target on Bank of Hawaii from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $92.25.

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About Bank of Hawaii

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Earnings History for Bank of Hawaii (NYSE:BOH)

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