Bank of Hawaii
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. The last earnings update was 54 days ago. More info.
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BOH Share Price and Events
7 Day Returns
1 Year Returns
BOH Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Bank of Hawaii (BOH) | 1.7% | 0.1% | -1.7% | -5.2% | 19.1% | 37.7% |
| US Banks | 1.1% | 0.3% | -2.4% | -8% | 46.4% | 40.3% |
| US Market | 0.5% | 0.2% | 1.1% | 0.8% | 37.4% | 37.5% |
1 Year Return vs Industry and Market
- BOH outperformed the Banks industry which returned -8% over the past year.
- BOH underperformed the Market in United States of America which returned 0.8% over the past year.
BOH Value
Is Bank of Hawaii undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Bank of Hawaii
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of Hawaii.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $32.99 * 17.9% |
$5.91 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 4 analysts. | $32.99 |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (22.24%)) |
0.797 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:BOH using Excess Returns Model Model
The calculations below outline how an intrinsic value for Bank of Hawaii is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (17.9% – 7.5%) * $32.99) |
$3.44 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $3.44 / (7.5% - 2.73%) |
$72.11 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $32.99 + $72.11 |
$105.11 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $105.11 |
| Current discount | Discount to share price of
$80.51
= -1 x ($80.51 - $105.11) / $105.11 |
23.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Bank of Hawaii's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Bank of Hawaii's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Bank of Hawaii's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Bank of Hawaii's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $5.41 |
| NYSE:BOH Share Price ** | NYSE (2019-06-14) in USD | $80.51 |
| United States of America Banks Industry PE Ratio | Median Figure of 600 Publicly-Listed Banks Companies | 12.67x |
| United States of America Market PE Ratio | Median Figure of 3,091 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Bank of Hawaii.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:BOH Share Price ÷ EPS (both in USD) = 80.51 ÷ 5.41 |
14.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of Hawaii is overvalued based on earnings compared to the US Banks industry average.
- Bank of Hawaii is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Bank of Hawaii's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.87x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
1.1%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 271 Publicly-Listed Banks Companies | 1.37x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.87x ÷ 1.1% |
13.8x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of Hawaii is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Bank of Hawaii's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $30.91 |
| NYSE:BOH Share Price * | NYSE (2019-06-14) in USD | $80.51 |
| United States of America Banks Industry PB Ratio | Median Figure of 603 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,244 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:BOH Share Price ÷ Book Value per Share (both in USD) = 80.51 ÷ 30.91 |
2.6x |
* Primary Listing of Bank of Hawaii.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of Hawaii is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess Bank of Hawaii's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Bank of Hawaii has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
BOH Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Bank of Hawaii's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- Bank of Hawaii's earnings growth is positive but not above the United States of America market average.
- Bank of Hawaii's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:BOH Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 1.1% |
| NYSE:BOH Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 4.4% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 703 | 231 | 3 | |
| 2019-12-31 | 679 | 229 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 645 | 260 | 224 |
| 2018-12-31 | 638 | 318 | 220 |
| 2018-09-30 | 631 | 238 | 209 |
| 2018-06-30 | 625 | 206 | 198 |
| 2018-03-31 | 620 | 208 | 188 |
| 2017-12-31 | 622 | 175 | 185 |
| 2017-09-30 | 614 | 250 | 185 |
| 2017-06-30 | 608 | 250 | 183 |
| 2017-03-31 | 609 | 227 | 182 |
| 2016-12-31 | 606 | 227 | 181 |
| 2016-09-30 | 605 | 188 | 181 |
| 2016-06-30 | 598 | 192 | 172 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Bank of Hawaii Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 5.75 | 6.00 | 5.64 | 6.00 |
| 2019-12-31 | 5.61 | 5.65 | 5.55 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 5.41 |
| 2018-12-31 | 5.26 |
| 2018-09-30 | 4.98 |
| 2018-06-30 | 4.70 |
| 2018-03-31 | 4.45 |
| 2017-12-31 | 4.37 |
| 2017-09-30 | 4.37 |
| 2017-06-30 | 4.31 |
| 2017-03-31 | 4.29 |
| 2016-12-31 | 4.26 |
| 2016-09-30 | 4.22 |
| 2016-06-30 | 3.99 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Bank of Hawaii will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Bank of Hawaii's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Bank of Hawaii has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
BOH Past Performance
How has Bank of Hawaii performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Bank of Hawaii's year on year earnings growth rate has been positive over the past 5 years.
- Bank of Hawaii's 1-year earnings growth exceeds its 5-year average (19.6% vs 6.7%)
- Bank of Hawaii's earnings growth has not exceeded the US Banks industry average in the past year (19.6% vs 39.5%).
Earnings and Revenue History
All data from Bank of Hawaii Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 644.81 | 224.36 | 295.04 | |
| 2018-12-31 | 638.19 | 219.60 | 292.00 | |
| 2018-09-30 | 630.63 | 208.64 | 290.22 | |
| 2018-06-30 | 624.82 | 197.59 | 287.54 | |
| 2018-03-31 | 619.85 | 187.54 | 282.18 | |
| 2017-12-31 | 622.44 | 184.67 | 278.31 | |
| 2017-09-30 | 613.68 | 185.23 | 274.90 | |
| 2017-06-30 | 607.92 | 182.84 | 275.07 | |
| 2017-03-31 | 608.64 | 182.43 | 273.30 | |
| 2016-12-31 | 606.10 | 181.46 | 270.40 | |
| 2016-09-30 | 605.27 | 180.78 | 268.24 | |
| 2016-06-30 | 598.26 | 171.56 | 264.14 | |
| 2016-03-31 | 588.61 | 168.47 | 262.97 | |
| 2015-12-31 | 576.94 | 160.70 | 260.38 | |
| 2015-09-30 | 575.75 | 159.06 | 264.05 | |
| 2015-06-30 | 577.63 | 166.56 | 263.86 | |
| 2015-03-31 | 575.23 | 166.89 | 262.37 | |
| 2014-12-31 | 564.54 | 163.04 | 258.93 | |
| 2014-09-30 | 559.49 | 160.91 | 257.02 | |
| 2014-06-30 | 552.50 | 156.84 | 258.31 | |
| 2014-03-31 | 546.79 | 153.11 | 257.43 | |
| 2013-12-31 | 545.13 | 150.50 | 258.35 | |
| 2013-09-30 | 548.52 | 151.73 | 260.72 | |
| 2013-06-30 | 557.92 | 155.26 | 262.50 | |
| 2013-03-31 | 566.64 | 158.25 | 266.69 | |
| 2012-12-31 | 575.98 | 166.08 | 262.89 | |
| 2012-09-30 | 570.12 | 165.02 | 262.28 | |
| 2012-06-30 | 570.16 | 167.09 | 255.19 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Bank of Hawaii has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Bank of Hawaii used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if Bank of Hawaii improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Bank of Hawaii's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Bank of Hawaii has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
BOH Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Bank of Hawaii Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,269.69 | 733.77 | 557.53 |
| 2018-12-31 | 1,268.20 | 649.89 | 468.27 |
| 2018-09-30 | 1,253.33 | 708.09 | 351.77 |
| 2018-06-30 | 1,247.72 | 756.38 | 692.97 |
| 2018-03-31 | 1,241.19 | 754.73 | 579.39 |
| 2017-12-31 | 1,231.87 | 775.70 | 385.17 |
| 2017-09-30 | 1,227.89 | 784.11 | 773.10 |
| 2017-06-30 | 1,213.76 | 784.22 | 886.51 |
| 2017-03-31 | 1,193.14 | 789.19 | 756.17 |
| 2016-12-31 | 1,161.54 | 813.52 | 739.94 |
| 2016-09-30 | 1,163.86 | 847.83 | 658.59 |
| 2016-06-30 | 1,157.22 | 881.76 | 774.01 |
| 2016-03-31 | 1,138.75 | 831.15 | 810.89 |
| 2015-12-31 | 1,116.26 | 895.60 | 670.39 |
| 2015-09-30 | 1,098.35 | 927.65 | 503.88 |
| 2015-06-30 | 1,082.94 | 866.66 | 772.42 |
| 2015-03-31 | 1,075.25 | 871.01 | 791.98 |
| 2014-12-31 | 1,055.09 | 887.73 | 459.79 |
| 2014-09-30 | 1,057.41 | 900.26 | 570.43 |
| 2014-06-30 | 1,050.80 | 947.21 | 962.44 |
| 2014-03-31 | 1,028.90 | 1,002.43 | 565.69 |
| 2013-12-31 | 1,011.98 | 976.69 | 391.32 |
| 2013-09-30 | 992.69 | 1,056.39 | 414.80 |
| 2013-06-30 | 986.37 | 1,077.69 | 501.26 |
| 2013-03-31 | 1,026.10 | 1,022.74 | 318.77 |
| 2012-12-31 | 1,021.67 | 931.92 | 301.87 |
| 2012-09-30 | 1,024.56 | 895.74 | 458.07 |
| 2012-06-30 | 1,003.83 | 1,144.98 | 677.11 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Bank of Hawaii has an acceptable proportion of non-loan assets held.
- Bank of Hawaii's liabilities are made up of primarily low risk sources of funding.
- Loans at Bank of Hawaii are broadly funded by customer deposits.
- Bank of Hawaii's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- Bank of Hawaii has a sufficient allowance for bad loans.
- Bank of Hawaii has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Bank of Hawaii's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Bank of Hawaii has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
BOH Dividends
What is Bank of Hawaii's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Bank of Hawaii
shares you are expected to receive
$65
in your first year as a dividend.
Dividend Amount
- Bank of Hawaii's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- Bank of Hawaii's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 478 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 2.72 | 5.00 |
| 2019-12-31 | 2.57 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-22 | 2.600 | 3.237 |
| 2019-03-01 | 2.480 | 3.079 |
| 2019-01-28 | 2.480 | 3.069 |
| 2018-10-22 | 2.480 | 3.327 |
| 2018-07-23 | 2.400 | 2.948 |
| 2018-04-23 | 2.400 | 2.817 |
| 2018-02-28 | 2.080 | 2.485 |
| 2018-01-22 | 2.080 | 2.486 |
| 2017-07-24 | 2.080 | 2.521 |
| 2017-04-24 | 2.000 | 2.464 |
| 2017-02-27 | 2.000 | 2.441 |
| 2017-01-23 | 2.000 | 2.345 |
| 2016-10-24 | 1.920 | 2.280 |
| 2016-07-25 | 1.920 | 2.694 |
| 2016-04-25 | 1.920 | 2.781 |
| 2016-01-25 | 1.800 | 2.775 |
| 2015-10-26 | 1.800 | 2.815 |
| 2015-07-27 | 1.800 | 2.803 |
| 2015-04-20 | 1.800 | 2.801 |
| 2014-10-27 | 1.800 | 3.047 |
| 2014-07-28 | 1.800 | 3.144 |
| 2014-04-21 | 1.800 | 3.168 |
| 2014-02-25 | 1.800 | 3.049 |
| 2014-01-27 | 1.800 | 3.175 |
| 2013-07-22 | 1.800 | 3.197 |
| 2013-04-22 | 1.800 | 3.588 |
| 2012-10-22 | 1.800 | 3.861 |
| 2012-07-23 | 1.800 | 3.885 |
| 2012-04-23 | 1.800 | 3.860 |
| 2012-01-23 | 1.800 | 3.832 |
| 2011-10-24 | 1.800 | 4.170 |
| 2011-07-25 | 1.800 | 4.551 |
| 2011-04-18 | 1.800 | 3.844 |
| 2011-01-24 | 1.800 | 3.828 |
| 2010-10-25 | 1.800 | 3.932 |
| 2010-07-26 | 1.800 | 3.861 |
| 2010-01-25 | 1.800 | 3.826 |
| 2009-10-26 | 1.800 | 3.885 |
| 2009-07-27 | 1.800 | 4.437 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Bank of Hawaii's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.2x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Bank of Hawaii's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Bank of Hawaii afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Bank of Hawaii has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
BOH Management
CEO
| COMPENSATION | $5,205,426 |
| AGE | 53 |
| TENURE AS CEO | 8.9 years |
CEO Bio
Mr. Peter S. Ho has been the President of the Bank at Hawaii Corporation since April 2008 and has been its Chief Executive Officer since July 30, 2010. Mr. Ho served as Chief Banking Officer of Bank of Hawaii Corporation from January 2, 2006 to July 30, 2010 and its Vice Chairman of Hawaii-Commercial Banking since January 2, 2006. Mr. Ho served as the Vice Chairman of Investment Services Group for Bank of Hawaii Corp. from April 2004 to December 2005. He served as an Executive Vice President of Hawaii Commercial Banking Group from January 2003 to April 26, 2004. Mr. Ho served as an Executive Vice President, Corporate Banking and Commercial Real Estate from January 2002 to January 2003, Senior Vice President, Corporate Banking from October 1999 to January 2002 and Vice President and Corporate Banking Officer from April 1996 to October 1999. He served as Executive Vice President, Senior Vice President, Vice President at Bank of Hawaii-Corporate Banking from 1996 to 2003. He has been the Chairman of Bank of Hawaii Corporation since July 30, 2010. He served as Vice Chairman at Bank of Hawaii Corporation since January 2006 until April 2008. Mr. Ho joined Bank Of Hawaii Corporation in 1993. Subsequently, He managed Several Commercial Banking Units And In 2003 Assumed Responsibility for the Bank's Hawaii Commercial Banking Group. He has been a Director of Bank of Hawali at Bank of Hawaii Corporation since April 24, 2009. He serves as Member of Managing Committee at Bank of Hawaii Leasing, Inc. He is a member of the Hawaii Bankers Association, Financial Services Roundtable, Hawaii Business Roundtable and the Chamber of Commerce of Hawaii's Military Affairs Council. Mr. Ho serves On The Boards Of Community Organizations including Hanahauoli School, The Hawaii Chapter Of The American Red Cross, The Nature Conservancy Of Hawaii, Special Olympics Of Hawaii, The Historic Hawaii Foundation, The Hawaii Community Foundation, Oceanic Institute and University Of Hawaii - Ahahui Koa Anuenue. He served as a Director at Federal Reserve Bank of San Francisco since January 01, 2013 to 2019. He served as a Trustee at Pacific Capital Funds- Growth and Income Fund since May 2004. He served as Trustee at Hawai'i Pacific University. Mr. Ho served as Chairman of the Hawaii Host Committee for the APEC Summit hosted by the President and held in Honolulu in 2011. He holds a Bachelor of Science degree in Business Administration and an MBA from the University of Southern California, where he was the 1992 First Interstate Bank Fellow.
CEO Compensation
- Peter's compensation has been consistent with company performance over the past year, both up more than 20%.
- Peter's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Bank of Hawaii management team in years:
- The average tenure for the Bank of Hawaii management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Peter Ho
Chairman
$5M
53
8.9 yrs
Dean Shigemura
Vice Chair & CFO
$1M
54
2.3 yrs
Mark Rossi
Vice Chair
$2M
69
12.3 yrs
Mary G. Bitterman
Lead Independent Director
$187K
73
Mary Sellers
Vice Chair & Chief Risk Officer
$2M
61
16 yrs
James Polk
Vice Chair of Consumer Lending & Deposit Product and Consumer & Residential Lending
$1M
51
2.9 yrs
Sheh Bertram
Senior EVP & Chief Information Officer
3.8 yrs
Cindy Wyrick
Executive VP & Director of Investor Relations
Kent Lucien
Vice Chair
$870K
64
2.3 yrs
Peter Biggs
Vice Chairman and Chief Retail Officer
$2M
66
13.2 yrs
Board of Directors Tenure
Average tenure and age of the Bank of Hawaii board of directors in years:
- The average tenure for the Bank of Hawaii board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Peter Ho
Chairman
$5M
53
8.9 yrs
Mary G. Bitterman
Lead Independent Director
$187K
73
20.4 yrs
Kent Lucien
Vice Chair
$870K
64
13.2 yrs
Bub Wo
Director
$154K
65
17.4 yrs
Mark Burak
Director
$152K
69
10.2 yrs
Bob Huret
Director
$152K
73
19.4 yrs
Barbara Tanabe
Director
$151K
69
15.2 yrs
S. Apoliona
Director
$140K
69
15.2 yrs
Ray Vara
Director
$152K
48
6.2 yrs
Victor Nichols
Director
$145K
61
4.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 14. May 19 | Sell | James Polk | Individual | 10. May 19 | 10. May 19 | -6,176 | $80.82 | $-499,144 | ||
| 07. Nov 18 | Sell | Barbara Tanabe | Individual | 05. Nov 18 | 05. Nov 18 | -500 | $80.00 | $-40,000 | ||
| 10. Aug 18 | Sell | Barbara Tanabe | Individual | 09. Aug 18 | 09. Aug 18 | -613 | $83.23 | $-51,020 | ||
| 30. Jul 18 | Sell | Mary G. Bitterman | Individual | 26. Jul 18 | 26. Jul 18 | -367 | $81.91 | $-30,060 | ||
Management checks
We assess Bank of Hawaii's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Bank of Hawaii has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
BOH News
Simply Wall St News
Is Bank of Hawaii Corporation's (NYSE:BOH) CEO Overpaid Relative To Its Peers?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … See our latest analysis for Bank of Hawaii How Does Peter Ho's Compensation Compare With Similar Sized Companies? … Our data indicates that Bank of Hawaii Corporation is worth US$3.2b, and total annual CEO compensation is US$5.2m.
Simply Wall St - – Full articleBank of Hawaii Corporation (NYSE:BOH) Will Pay US$0.65 In Dividends
See our latest analysis for Bank of Hawaii Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … NYSE:BOH Historical Dividend Yield, May 27th 2019 Does Bank of Hawaii pass our checks? … Relative to peers, Bank of Hawaii produces a yield of 3.3%, which is high for Banks stocks but still below the market's top dividend payers.
Simply Wall St - – Full articleI Ran A Stock Scan For Earnings Growth And Bank of Hawaii (NYSE:BOH) Passed With Ease
But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' In contrast to all that, I prefer to spend time on companies like Bank of Hawaii (NYSE:BOH), which has not only revenues, but also profits. … See our latest analysis for Bank of Hawaii How Fast Is Bank of Hawaii Growing? … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS.
Simply Wall St - – Full articleHow Much Of Bank of Hawaii Corporation (NYSE:BOH) Do Institutions Own?
We also tend to see lower insider ownership in companies that were previously publicly owned. … Bank of Hawaii is a pretty big company. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleAre You Considering All The Risks For Bank of Hawaii Corporation’s (NYSE:BOH)?
As a small-cap bank with a market capitalisation of US$3.3b, Bank of Hawaii Corporation’s (NYSE:BOH) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Bank of Hawaii’s bottom line. … Today we will analyse Bank of Hawaii’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.
Simply Wall St - – Full articleHow Bank of Hawaii Corporation (NYSE:BOH) Can Impact Your Portfolio Volatility
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleIs Now An Opportune Moment To Examine Bank of Hawaii Corporation (NYSE:BOH)?
Bank of Hawaii Corporation (NYSE:BOH), operating in the financial services industry based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Bank of Hawaii’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleDid Bank of Hawaii Corporation (NYSE:BOH) Insiders Sell Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Bank of Hawaii Corporation (NYSE:BOH). … The Last 12 Months Of Insider Transactions At Bank of Hawaii. … In total, Bank of Hawaii insiders sold more than they bought over the last year.
Simply Wall St - – Full articleThe Bank of Hawaii Share Price Has Gained 40% And Shareholders Are Hoping For More
Unfortunately for shareholders, while the Bank of Hawaii Corporation (NYSE:BOH) share price is up 40% in the last five years, that's less than the market return. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Bank of Hawaii achieved compound earnings per share (EPS) growth of 9.2% per year.
Simply Wall St - – Full articleShould You Be Concerned About Bank of Hawaii Corporation’s (NYSE:BOH) Liquidity?
As a small-cap bank stock with a market capitalisation of US$3.3b, Bank of Hawaii Corporation’s (NYSE:BOH) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Bank of Hawaii to vulnerabilities. … Today we will be measuring Bank of Hawaii’s financial risk position by looking at three leverage and liquidity metrics.
Simply Wall St - – Full articleBOH Company Info
Description
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses. It offers checking, savings, and time deposit accounts; loan and lease products, including residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; and retail insurance products. This segment provides its products and services through 69 branch locations and 382 ATMs in Hawaii and the Pacific Islands, as well as through a customer service center, and online and mobile banking. The Commercial Banking segment’s product lines comprise corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing, and deposit products. It offers commercial lending and deposit products to middle-market and large companies, and government entities; and commercial real estate mortgages to investors, developers, and builders. This segment also provides international banking and merchant services. The Investment Services and Private Banking segment offers private and international client banking, trust, investment management, and institutional investment advisory services for individuals and families, high-net-worth individuals, corporations, government entities, and foundations. This segment also provides brokerage offering equities, mutual funds, life insurance, and annuity products. The Treasury and Other segment offers corporate asset and liability management services, such as interest rate risk management and foreign exchange services. Bank of Hawaii Corporation was founded in 1897 and is headquartered in Honolulu, Hawaii.
Details
| Name: | Bank of Hawaii Corporation |
| BOH | |
| Exchange: | NYSE |
| Founded: | 1897 |
| $3,299,944,846 | |
| 40,988,012 | |
| Website: | http://www.boh.com |
| Address: |
Bank of Hawaii Corporation 130 Merchant Street, Honolulu, Hawaii, 96813, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | BOH | Common Stock | New York Stock Exchange | US | USD | 28. Apr 1972 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/15 23:33 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/05/28 |
| Last earnings filing: | 2019/04/22 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
