Bank of Hawaii Corp (NYSE:BOH) on Monday posted weaker-than-expected results for the first quarter.

The company reported quarterly earnings of $1.30 per share which missed the analyst consensus estimate of $1.33 per share. The company reported quarterly sales of $192.322 million which missed the analyst consensus estimate of $193.524 million.

“Bank of Hawai‘i began the year on firm footing,” said Jim Polk, President and CEO. “This performance underscores the strength and resilience of our franchise. Net interest income and net interest margin continued to improve, supported by disciplined balance sheet management and a stable deposit base. Total loans and leases and average noninterest-bearing deposits increased compared to the prior quarter. Credit quality continues to be strong, and we remain focused on expense management. As I step into this role, we are committed to executing our strategy, supporting our customers and communities, and building on our strong, established foundation.”

Bank of Hawaii shares closed at $80.06 on Monday.

These analysts made changes to their price targets on Bank of Hawaii following earnings announcement.

  • Keefe, Bruyette & Woods analyst Kelly Motta maintained Bank of Hawaii with an Outperform rating and raised the price target from $91 to $95.
  • DA Davidson analyst Jeff Rulis maintained the stock with a Neutral and raised the price target from $77 to $82.

Considering buying BOH stock? Here’s what analysts think:

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