Wall Street analysts expect Bank of Hawaii Co. (NYSE:BOH) to post $169.39 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Bank of Hawaii’s earnings. The highest sales estimate is $170.49 million and the lowest is $168.30 million. Bank of Hawaii posted sales of $164.41 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The business is expected to report its next quarterly earnings results on Monday, October 28th.
According to Zacks, analysts expect that Bank of Hawaii will report full year sales of $678.02 million for the current financial year, with estimates ranging from $676.40 million to $679.64 million. For the next year, analysts anticipate that the company will post sales of $695.79 million, with estimates ranging from $678.40 million to $713.18 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, July 22nd. The bank reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $169.55 million for the quarter, compared to analyst estimates of $167.65 million. Bank of Hawaii had a return on equity of 17.85% and a net margin of 30.23%. During the same period last year, the company earned $1.30 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the business. Rice Partnership LLC acquired a new stake in Bank of Hawaii in the first quarter valued at approximately $224,000. Walthausen & Co. LLC grew its holdings in Bank of Hawaii by 12.5% in the first quarter. Walthausen & Co. LLC now owns 88,230 shares of the bank’s stock valued at $6,959,000 after purchasing an additional 9,815 shares during the period. Dean Capital Investments Management LLC acquired a new stake in Bank of Hawaii in the first quarter valued at approximately $207,000. ETF Managers Group LLC grew its holdings in Bank of Hawaii by 9.1% in the first quarter. ETF Managers Group LLC now owns 1,748 shares of the bank’s stock valued at $138,000 after purchasing an additional 146 shares during the period. Finally, 6 Meridian grew its holdings in Bank of Hawaii by 2.0% in the second quarter. 6 Meridian now owns 6,539 shares of the bank’s stock valued at $542,000 after purchasing an additional 131 shares during the period. 75.09% of the stock is currently owned by institutional investors.
BOH traded down $1.44 during trading on Tuesday, hitting $81.41. The company’s stock had a trading volume of 1,882 shares, compared to its average volume of 190,817. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. Bank of Hawaii has a twelve month low of $63.64 and a twelve month high of $85.82. The business’s fifty day simple moving average is $82.56 and its 200 day simple moving average is $81.10. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.96 and a beta of 0.91.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, August 29th. Bank of Hawaii’s payout ratio is currently 49.71%.
Bank of Hawaii Company Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
See Also: How to Use a Moving Average for Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.