NYSE:BOH

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Bank of Hawaii's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.6%

BOH

2.7%

US Banks

0.5%

US Market


1 Year Return

13.6%

BOH

2.9%

US Banks

6.8%

US Market

Return vs Industry: BOH exceeded the US Banks industry which returned 2.9% over the past year.

Return vs Market: BOH exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

BOHIndustryMarket
7 Day2.6%2.7%0.5%
30 Day0.1%1.1%-0.8%
90 Day3.2%2.7%-0.9%
1 Year17.3%13.6%5.8%2.9%9.2%6.8%
3 Year26.3%16.3%52.0%41.5%45.6%36.2%
5 Year76.4%53.4%69.2%50.7%63.2%45.4%

Price Volatility Vs. Market

How volatile is Bank of Hawaii's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bank of Hawaii undervalued compared to its fair value and its price relative to the market?

10.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOH ($86.08) is trading below our estimate of fair value ($95.63)

Significantly Below Fair Value: BOH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BOH is poor value based on its PE Ratio (15.6x) compared to the Banks industry average (12.5x).

PE vs Market: BOH is good value based on its PE Ratio (15.6x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: BOH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BOH is overvalued based on its PB Ratio (2.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Bank of Hawaii forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOH's earnings are forecast to decline over the next 3 years (-0.4% per year).

Earnings vs Market: BOH's earnings are forecast to decline over the next 3 years (-0.4% per year).

High Growth Earnings: BOH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BOH's revenue (1.6% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: BOH's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOH's Return on Equity is forecast to be low in 3 years time (17.3%).


Next Steps

Past Performance

How has Bank of Hawaii performed over the past 5 years?

7.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BOH's earnings have grown by 7.1% per year over the past 5 years.

Accelerating Growth: BOH's earnings growth over the past year (14.7%) exceeds its 5-year average (7.1% per year).

Earnings vs Industry: BOH earnings growth over the past year (14.7%) underperformed the Banks industry 29.7%.


Return on Equity

High ROE: BOH's Return on Equity (17.6%) is considered low.


Return on Assets

ROA vs Industry: BOH has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BOH's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Bank of Hawaii's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: BOH has a low level of unsold assets or inventory.

Debt Coverage by Assets: BOH's debt is covered by short term assets (assets are 1.018650x debt).


Financial Institutions Analysis

Asset Level: BOH's level of assets compared to its equity is moderate.

Allowance for Bad Loans: BOH has a sufficient allowance for bad loans.

Low Risk Liabilities: BOH's liabilities are made up of primarily low risk sources of funding.

Loan Level: BOH has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BOH's loans are broadly funded by customer deposits.

Level of Bad Loans: BOH has an appropriate level of bad loans (0.18%)


Next Steps

Dividend

What is Bank of Hawaii's current dividend yield, its reliability and sustainability?

3.02%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BOH's dividend (3.02%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: BOH's dividend (3.02%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: BOH's dividends per share have been stable in the past 10 years.

Growing Dividend: BOH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.2%), BOH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BOH's dividends in 3 years are forecast to be covered by earnings (50.7% payout ratio).


Next Steps

Management

What is the CEO of Bank of Hawaii's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Peter Ho (54yo)

9.3yrs

Tenure

US$5,205,426

Compensation

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 Haw ...


CEO Compensation Analysis

Compensation vs. Market: Peter's total compensation ($USD5.21M) is about average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

58.5yo

Average Age

Experienced Management: BOH's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

14.5yrs

Average Tenure

68yo

Average Age

Experienced Board: BOH's board of directors are seasoned and experienced ( 14.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$499,14414 May 19
James Polk
EntityIndividual
Role
Senior Key Executive
Vice Chairman of Residential & Consumer Lending Group
Shares6,176
Max PriceUS$80.82
SellUS$40,00007 Nov 18
Barbara Tanabe
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares500
Max PriceUS$80.00

Ownership Breakdown


Management Team

  • Kent Lucien (65yo)

    Vice Chair

    • Tenure: 13.5yrs
    • Compensation: US$869.99k
  • Cindy Wyrick

    Executive Vice President

    • Tenure: 0yrs
  • Mary G. Bitterman (74yo)

    Lead Independent Director

    • Tenure: 20.8yrs
    • Compensation: US$187.20k
  • Mark Rossi (70yo)

    Vice Chair

    • Tenure: 12.7yrs
    • Compensation: US$1.53m
  • Peter Ho (54yo)

    Chairman

    • Tenure: 9.3yrs
    • Compensation: US$5.21m
  • Dean Shigemura (55yo)

    Vice Chair & CFO

    • Tenure: 2.6yrs
    • Compensation: US$1.50m
  • Mary Sellers (62yo)

    Vice Chair & Chief Risk Officer

    • Tenure: 16.3yrs
    • Compensation: US$1.66m
  • James Polk (52yo)

    Vice Chairman of Residential & Consumer Lending Group

    • Tenure: 3.3yrs
    • Compensation: US$1.49m
  • Sheh Bertram

    Senior EVP & Chief Information Officer

    • Tenure: 4.1yrs
  • Andrea Ignacio (46yo)

    Senior VP

    • Tenure: 0.2yrs

Board Members

  • Bob Huret (74yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$151.88k
  • Kent Lucien (65yo)

    Vice Chair

    • Tenure: 13.5yrs
    • Compensation: US$869.99k
  • Mary G. Bitterman (74yo)

    Lead Independent Director

    • Tenure: 20.8yrs
    • Compensation: US$187.20k
  • Victor Nichols (62yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$145.38k
  • Ray Vara (49yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: US$152.20k
  • Peter Ho (54yo)

    Chairman

    • Tenure: 9.3yrs
    • Compensation: US$5.21m
  • Bub Wo (66yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$153.95k
  • Barbara Tanabe (70yo)

    Independent Director

    • Tenure: 15.5yrs
    • Compensation: US$150.95k
  • S. Apoliona (70yo)

    Independent Director

    • Tenure: 15.5yrs
    • Compensation: US$139.51k
  • Mark Burak (70yo)

    Independent Director

    • Tenure: 10.5yrs
    • Compensation: US$151.88k

Company Information

Bank of Hawaii Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Hawaii Corporation
  • Ticker: BOH
  • Exchange: NYSE
  • Founded: 1897
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.497b
  • Shares outstanding: 40.63m
  • Website: https://www.boh.com

Number of Employees


Location

  • Bank of Hawaii Corporation
  • 130 Merchant Street
  • Honolulu
  • Hawaii
  • 96813
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOHNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 1972

Biography

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 segment ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:33
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.