Bank of Hawaii Co. (NYSE:BOH) to Issue Quarterly Dividend of $0.70

Bank of Hawaii Co. (NYSE:BOH) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Investors of record on Friday, May 31st will be given a dividend of 0.70 per share by the bank on Friday, June 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Friday, May 31st.

Bank of Hawaii has raised its dividend by an average of 1.5% per year over the last three years. Bank of Hawaii has a dividend payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Hawaii to earn $4.23 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 66.2%.

Bank of Hawaii Stock Up 0.0 %

BOH opened at $58.42 on Tuesday. Bank of Hawaii has a fifty-two week low of $30.83 and a fifty-two week high of $75.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The company has a fifty day moving average of $60.45 and a two-hundred day moving average of $60.74. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.96 and a beta of 1.06.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. During the same quarter in the previous year, the firm posted $1.14 earnings per share. On average, research analysts expect that Bank of Hawaii will post 3.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BOH shares. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Piper Sandler cut their target price on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays began coverage on shares of Bank of Hawaii in a research note on Friday, March 8th. They set an “underweight” rating and a $51.00 price objective for the company. Keefe, Bruyette & Woods dropped their price objective 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, Jefferies Financial Group dropped their price objective on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $51.80.

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.