Wall Street analysts forecast that Bank of Hawaii Co. (NYSE:BOH) will post $1.38 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bank of Hawaii’s earnings. The lowest EPS estimate is $1.36 and the highest is $1.40. Bank of Hawaii reported earnings of $1.30 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The business is scheduled to report its next quarterly earnings report on Monday, July 22nd.
On average, analysts expect that Bank of Hawaii will report full-year earnings of $5.59 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $5.65. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.78 per share, with EPS estimates ranging from $5.65 to $6.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, April 22nd. The bank reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.07. The business had revenue of $168.52 million for the quarter, compared to analysts’ expectations of $166.51 million. Bank of Hawaii had a return on equity of 17.81% and a net margin of 30.64%. During the same quarter in the prior year, the firm earned $1.28 earnings per share.
A number of research analysts recently commented on the company. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Compass Point cut Bank of Hawaii from a “buy” rating to a “neutral” rating and reduced their target price for the company from $83.00 to $82.00 in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.60.
In other Bank of Hawaii news, Vice Chairman James C. Polk sold 6,176 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $80.82, for a total transaction of $499,144.32. Following the completion of the sale, the insider now directly owns 31,291 shares in the company, valued at $2,528,938.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.13% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rice Partnership LLC purchased a new stake in Bank of Hawaii during the first quarter valued at about $224,000. Stifel Financial Corp boosted its position in Bank of Hawaii by 5.5% during the fourth quarter. Stifel Financial Corp now owns 50,412 shares of the bank’s stock valued at $3,406,000 after buying an additional 2,619 shares during the period. Thrivent Financial for Lutherans boosted its position in Bank of Hawaii by 4.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,669 shares of the bank’s stock valued at $718,000 after buying an additional 473 shares during the period. Millennium Management LLC boosted its position in Bank of Hawaii by 1,239.0% during the fourth quarter. Millennium Management LLC now owns 66,238 shares of the bank’s stock valued at $4,459,000 after buying an additional 61,291 shares during the period. Finally, FMR LLC boosted its position in Bank of Hawaii by 52,179.8% during the fourth quarter. FMR LLC now owns 337,205 shares of the bank’s stock valued at $22,700,000 after buying an additional 336,560 shares during the period. Institutional investors and hedge funds own 74.47% of the company’s stock.
BOH traded down $0.72 during trading on Monday, reaching $79.79. The stock had a trading volume of 2,418 shares, compared to its average volume of 144,227. The stock has a market capitalization of $3.30 billion, a PE ratio of 15.30, a PEG ratio of 1.92 and a beta of 0.89. 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 one year low of $63.64 and a one year high of $86.61. The firm’s 50-day moving average is $80.23.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Thursday, May 30th. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.62. Bank of Hawaii’s dividend payout ratio is currently 49.71%.
About Bank of Hawaii
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.
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