NYSE:BOH

Stock Analysis Report

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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 Analysis

Flawless balance sheet 6 star 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

Stable Share Price: BOH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.8%

BOH

3.9%

US Banks

2.5%

US Market


1 Year Return

-29.1%

BOH

-20.0%

US Banks

16.3%

US Market

Return vs Industry: BOH underperformed the US Banks industry which returned -20% over the past year.

Return vs Market: BOH underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

BOHIndustryMarket
7 Day3.8%3.9%2.5%
30 Day2.8%6.5%5.3%
90 Day-4.1%10.3%16.3%
1 Year-26.6%-29.1%-17.2%-20.0%18.8%16.3%
3 Year-19.3%-26.3%-9.0%-16.4%45.0%35.7%
5 Year0.6%-12.8%13.9%0.03%75.8%56.8%

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?

14.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOH ($58.79) is trading below our estimate of fair value ($69.1)

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 (12.7x) compared to the US Banks industry average (9.9x).

PE vs Market: BOH is good value based on its PE Ratio (12.7x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: BOH is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: BOH is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Bank of Hawaii forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOH's forecast earnings growth (8.8% per year) is above the savings rate (2.2%).

Earnings vs Market: BOH's earnings (8.8% per year) are forecast to grow slower than the US market (23.1% per year).

High Growth Earnings: BOH's earnings are forecast to grow, but not significantly.

Revenue vs Market: BOH's revenue (2.2% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: BOH's revenue (2.2% 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 (12.9%).


Next Steps

Past Performance

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

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOH has high quality earnings.

Growing Profit Margin: BOH's current net profit margins (30.2%) are lower than last year (34.7%).


Past Earnings Growth Analysis

Earnings Trend: BOH's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: BOH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BOH had negative earnings growth (-18.8%) over the past year, making it difficult to compare to the Banks industry average (-2.9%).


Return on Equity

High ROE: BOH's Return on Equity (13.6%) is considered low.


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


Financial Institutions Analysis

Asset Level: BOH's Assets to Equity ratio (14.6x) is moderate.

Allowance for Bad Loans: BOH has a sufficient allowance for bad loans (859%).

Low Risk Liabilities: 95% of BOH's liabilities are made up of primarily low risk sources of funding.

Loan Level: BOH has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: BOH's Loans to Deposits ratio (67%) is appropriate.

Level of Bad Loans: BOH has an appropriate level of bad loans (0.2%).


Next Steps

Dividend

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

4.56%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: BOH's dividend (4.56%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: BOH's dividend (4.56%) is in the top 25% of dividend payers in the US market (4.36%)


Stability and Growth of Payments

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 reasonable payout ratio (57.7%), BOH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BOH's dividends in 3 years are forecast to be covered by earnings (58.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.5yrs

Average management tenure


CEO

Peter Ho (55 yo)

10.08yrs

Tenure

US$5,307,172

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 ($USD5.31M) is about average for companies of similar size in the US market ($USD4.53M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Peter Ho
Chairman10.08yrsUS$5.31m0.52%
$ 12.2m
Dean Shigemura
Vice Chair & CFO3.42yrsUS$1.62m0.11%
$ 2.7m
Mark Rossi
Vice Chair13.5yrsUS$1.63m0.12%
$ 2.8m
Mary Sellers
Vice Chair & Chief Risk Officer17.17yrsUS$1.68m0.19%
$ 4.4m
James Polk
Vice Chairman of Commercial Banking Group4.08yrsUS$1.58m0.099%
$ 2.3m
Andrea Ignacio
Senior VP1yrno data0.00084%
$ 19.8k
Sheh Bertram
Senior EVP & Chief Information Officer4.92yrsno datano data
Cynthia Wyrick
Executive VP & Director of Investor Relationsno datano datano data
Susan Ing
Senior EVP & Chief Marketing Officerno datano datano data
Ed Hudson
Senior EVP & Chief People Officerno datano datano data
Alton Kuioka
Vice Chair of Client Relationsno dataUS$2.74mno data
Stephanie Saito
Executive Vice President and Manager-Hawaii Commercial Banking14.33yrsno datano data

7.5yrs

Average Tenure

56yo

Average Age

Experienced Management: BOH's management team is seasoned and experienced (7.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Ho
Chairman10.08yrsUS$5.31m0.52%
$ 12.2m
Kent Lucien
Director14.33yrsUS$869.99k0.11%
$ 2.5m
Victor Nichols
Independent Director6.08yrsUS$152.07k0.014%
$ 328.0k
Raymond Vara
Independent Director7.33yrsUS$159.07k0.017%
$ 408.3k
Robert Wo
Independent Director18.58yrsUS$160.57k0.11%
$ 2.5m
Barbara Tanabe
Independent Director16.33yrsUS$157.57k0.030%
$ 716.7k
S. Apoliona
Independent Director16.33yrsUS$146.07k0.056%
$ 1.3m
John Erickson
Independent Director1.58yrsUS$168.34k0.011%
$ 261.6k
Mark Burak
Independent Director11.33yrsUS$160.07k0.027%
$ 633.1k
Michelle Hulst
Independent Director1.08yrsUS$89.76k0.0041%
$ 97.2k
Alicia Moy
Independent Director3.5yrsUS$151.57k0.0084%
$ 196.8k
Joshua Feldman
Independent Director1.58yrsUS$163.22k0.0076%
$ 179.6k

8.7yrs

Average Tenure

60.5yo

Average Age

Experienced Board: BOH's board of directors are considered experienced (8.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BOH insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$2.354b
  • Shares outstanding: 40.05m
  • 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 in four segments: Re ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 00:12
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.