These Analysts Revise Their Forecasts On Bank of Hawaii Following Q1 Results
Portfolio Pulse from Avi Kapoor
Bank of Hawaii Corporation (NYSE:BOH) reported Q1 earnings of 87 cents per share, aligning with market estimates but missing sales expectations with $156.22 million versus the anticipated $160.21 million. CEO Peter Ho highlighted solid financial performance, excellent credit quality, and steady core noninterest income and expenses. Despite this, BOH shares dropped 0.2% to $58.33. Analysts from Piper Sandler, Keefe, Bruyette & Woods, and Barclays adjusted their price targets post-earnings, with mixed outlooks.
April 23, 2024 | 3:46 pm
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Bank of Hawaii reported in-line Q1 earnings but missed sales forecasts, leading to a slight share price drop and mixed analyst price target adjustments.
The in-line earnings report coupled with a miss on sales expectations and subsequent share price drop indicate a negative short-term impact. Analysts' mixed adjustments to price targets further suggest uncertainty around BOH's short-term stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100