Bank of Hawaii Corporation (NYSE:BOH) Shares Set to Pay Quarterly Dividend of $0.70

Bank of Hawaii Corporation (NYSE:BOH) announced a quarterly dividend on Monday, October 26th. Stockholders of record on Monday, November 30th will be given a dividend of $0.70 per share by the bank on Monday, December 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, November 30th.

Bank of Hawaii has a payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bank of Hawaii to earn $6.49 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 43.1%.

Bank of Hawaii Price Performance

Bank of Hawaii stock opened at $70.61 on Tuesday. Bank of Hawaii has a 12-month low of $62.51 and a 12-month high of $86.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.79 billion, a P/E ratio of 13.17, a PEG ratio of 0.86 and a beta of 0.72. The company has a 50-day moving average price of $72.53 and a 200 day moving average price of $76.32.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 26th. The bank reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). The business had revenue of $198.76 million during the quarter, compared to analyst estimates of $202.59 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same period last year, the company earned $1.20 EPS. Sell-side analysts anticipate that Bank of Hawaii will post 5.88 earnings per share for the current year.

Wall Street Analyst Weigh In

BOH has been the subject of a number of research reports. Piper Sandler dropped their price objective on Bank of Hawaii from $85.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. DA Davidson lifted their price objective on shares of Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Stephens cut shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a report on Thursday, August 6th. Keefe, Bruyette & Woods downgraded Bank of Hawaii from an “outperform” rating to a “market perform” rating and set a $78.00 price target on the stock. in a research note on Tuesday. Finally, Benchmark reaffirmed a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $82.20.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation is the parent company of Bank of Hawaii, a regional financial institution headquartered in Honolulu. Founded in 1897, the bank provides banking and financial services to consumers, businesses, and government entities, with a primary focus on Hawaii and selected Pacific markets.

Its consumer banking business offers deposit accounts, residential and consumer lending, credit cards, online and mobile banking, and other personal financial products. Through its commercial banking operations, Bank of Hawaii provides business loans, commercial real estate financing, treasury management, payments, and deposit services to companies and institutions.

The company also provides wealth management, trust, investment management, and private banking services.