Bank of Hawaii's Earnings Growth Could Be Challenging, Says Bearish Analyst

Bank of Hawaii Corp BOH shares are down on Monday, after the company reported its second-quarter earnings. The stock outperformed the industry in recent weeks, while its profitability lags that of peers, according to Piper Sandler. Analyst Andrew Liesch downgraded the rating for Bank of Hawaii from Neutral to Underweight, while lowering the price target from $70 to $61. The Bank of Hawaii Thesis: While the bank's net interest income and margins should improve "as earning assets reprice higher," much of that ...