Bank of Hawaii stock drops after it misses profit target

Bank of Hawaii Corp. BOH stock is down 7.8% in premarket trades after it missed its consensus profit estimate by Wall Street analysts. Bank of Hawaii said its first-quarter earnings dropped to $1.14 a share, eight cents below the forecast of $1.22 a share, according to estimates compiled by FactSet. In the year-ago period, Bank of Hawaii earned $1.32 a share. First-quarter net interest income of $136 million fell 3.4% from the fourth quarter, while it increased 8.5% from the year-ago quarter. The drop in net interest income from the previous quarter was due to two fewer days in the period, as well as well as higher funding…