Bank of Hawaii Analysts Boost Their Forecasts After Q2 Earnings
Portfolio Pulse from Avi Kapoor
Bank of Hawaii Corporation (NYSE:BOH) reported better-than-expected Q2 earnings, with adjusted earnings per share of 86 cents, matching market estimates. Quarterly sales were slightly below expectations at $156.933 million. The company saw strong financial results, with exceptional credit quality and a slight increase in net interest margin. Analysts from Keefe, Bruyette & Woods and Piper Sandler raised their price targets for BOH following the earnings report.
July 23, 2024 | 2:15 pm
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Bank of Hawaii Corporation reported strong Q2 earnings, with adjusted EPS of 86 cents, matching market estimates. Quarterly sales were slightly below expectations at $156.933 million. The company saw exceptional credit quality and a slight increase in net interest margin. Analysts raised their price targets following the earnings report.
The strong Q2 earnings report, along with exceptional credit quality and a slight increase in net interest margin, positively impacts investor sentiment. Analysts raising their price targets further supports a positive short-term outlook for BOH stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100