Bank of Hawaii's Margin Is 'Nearing Bottom': Analysts Explore Disappointing Q1 Results, Outlook
Portfolio Pulse from Priya Nigam
Bank of Hawaii Corp (NYSE:BOH) reported disappointing Q1 results with a decline in net interest income (NII) margin, missing guidance. Analysts from Keefe, Bruyette & Woods and Piper Sandler provided mixed reviews, adjusting their price targets and ratings. Despite the NII margin contraction, there are positive signs, including well-controlled expenses and potential for increased interest income from redeploying cash flows.
April 23, 2024 | 4:08 pm
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Bank of Hawaii reported disappointing Q1 earnings with a slight NII margin contraction, but analysts see potential for recovery. Price targets adjusted.
Despite the disappointing Q1 results and NII margin contraction, the adjustments in price targets by analysts and the positive outlook on expense control and potential for increased interest income suggest a neutral short-term impact on BOH's stock price. The slight increase in stock price at the time of publication supports this neutral outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100