Bullish indicating open at $55-$60, IPO prices at $37
Bank of Hawaii Corporation (NYSE:BOH), a $2.77 billion market cap financial institution trading at $70.03 per share, announced the appointment of Bradley S. Satenberg as vice chair and chief financial officer, effective Tuesday. Satenberg, 54, succeeds Dean Y. Shigemura, who served as CFO since 2017 and has been with the company for 26 years. According to InvestingPro data, he joins at a time when the bank maintains strong fundamentals with a P/E ratio of 19.48 and an attractive 4.15% dividend yield.
Satenberg joined Bank of Hawaii in July 2024 as senior executive vice president and deputy CFO. Prior to this, he was CFO of Luther Burbank (NASDAQ:LBC) Savings at Luther Burbank Corporation. In his new role, Satenberg will receive an annual base salary of $460,000 and will continue to participate in incentive and benefit plans consistent with other senior executives at the company.
The appointment was approved by the board of directors as part of a previously announced transition plan. This information is based on a statement in a recent SEC filing.
In other recent news, Bank of Hawaii Corporation reported a strong financial performance for the first quarter of 2025, surpassing analyst expectations. The company announced earnings per share of $0.97, which exceeded the forecasted $0.89, and revenue of $169.87 million, surpassing the expected $168.78 million. Additionally, the bank’s net interest income grew by 4.6% to $125.8 million. In terms of strategic financial management, Bank of Hawaii continues to focus on interest rate hedging and data analytics.
Meanwhile, DA Davidson analysts recently adjusted their outlook on Bank of Hawaii, reducing the stock’s price target to $70 from $75 but maintaining a Neutral rating. This decision reflects a cautious stance on the bank’s growth prospects despite positive developments in its net interest margin. Furthermore, during its annual meeting, Bank of Hawaii approved the 2025 Director Stock Compensation Plan, allowing for various stock-related benefits to non-employee directors. Shareholders also approved key matters, including the election of directors and the ratification of Ernst & Young LLP as the independent auditor for the fiscal year ending December 31, 2025.
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