Bank of Hawaii Corporation (BOH) To Go Ex-Dividend on May 29th

Bank of Hawaii Corporation (NYSE:BOH) announced a quarterly dividend on Monday, April 20th. Investors of record on Friday, May 29th will be given a dividend of 0.70 per share by the bank on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, May 29th.

Bank of Hawaii has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Bank of Hawaii has a dividend payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bank of Hawaii to earn $6.63 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 42.2%.

Bank of Hawaii Stock Up 0.8%

NYSE BOH opened at $78.39 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $76.68 and its two-hundred day moving average is $73.34. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.82 and a beta of 0.73. Bank of Hawaii has a 1-year low of $59.36 and a 1-year high of $82.74.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The company had revenue of $192.32 million for the quarter, compared to analyst estimates of $193.53 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same period in the previous year, the firm posted $0.97 earnings per share. Equities analysts forecast that Bank of Hawaii will post 5.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BOH. Stephens boosted their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Barclays boosted their target price on Bank of Hawaii from $83.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. Zacks Research downgraded Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Piper Sandler reduced their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, Weiss Ratings raised Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Bank of Hawaii presently has a consensus rating of “Hold” and a consensus price target of $85.40.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.