Analysts Offer Predictions for Bank of Hawaii Co.’s Q1 2023 Earnings (NYSE:BOH)

Bank of Hawaii Co. (NYSE:BOHGet Rating) – Investment analysts at DA Davidson issued their Q1 2023 earnings estimates for shares of Bank of Hawaii in a research note issued to investors on Tuesday, January 24th. DA Davidson analyst J. Rulis anticipates that the bank will post earnings per share of $1.32 for the quarter. DA Davidson currently has a “Neutral” rating and a $76.00 target price on the stock. The consensus estimate for Bank of Hawaii’s current full-year earnings is $5.56 per share.

A number of other research firms have also weighed in on BOH. lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 6th. Compass Point lowered shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Tuesday.

Bank of Hawaii Trading Down 0.5 %

Shares of BOH stock opened at $74.68 on Wednesday. The company has a 50 day moving average of $78.37 and a 200-day moving average of $78.24. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.36. Bank of Hawaii has a 12-month low of $70.15 and a 12-month high of $89.30. The firm has a market cap of $2.99 billion, a P/E ratio of 13.50, a PEG ratio of 1.69 and a beta of 1.01.

Bank of Hawaii (NYSE:BOHGet Rating) last issued its quarterly earnings results on Monday, January 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.08. Bank of Hawaii had a net margin of 29.91% and a return on equity of 19.31%. The company had revenue of $213.49 million during the quarter, compared to analyst estimates of $181.09 million. During the same quarter last year, the business posted $1.55 EPS.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Tuesday, February 28th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.75%. The ex-dividend date is Monday, February 27th. Bank of Hawaii’s payout ratio is 50.63%.

Insider Transactions at Bank of Hawaii

In related news, CEO Peter S. Ho sold 5,500 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $79.30, for a total transaction of $436,150.00. Following the completion of the transaction, the chief executive officer now directly owns 233,681 shares in the company, valued at $18,530,903.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.06% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

Several hedge funds have recently bought and sold shares of the stock. Hendershot Investments Inc. raised its position in shares of Bank of Hawaii by 6.0% during the 4th quarter. Hendershot Investments Inc. now owns 151,363 shares of the bank’s stock valued at $11,740,000 after buying an additional 8,569 shares in the last quarter. Xponance Inc. increased its stake in Bank of Hawaii by 11.9% in the fourth quarter. Xponance Inc. now owns 5,276 shares of the bank’s stock valued at $409,000 after acquiring an additional 559 shares during the last quarter. Boston Trust Walden Corp raised its position in Bank of Hawaii by 15.7% during the fourth quarter. Boston Trust Walden Corp now owns 667,285 shares of the bank’s stock valued at $51,755,000 after purchasing an additional 90,523 shares in the last quarter. Congress Asset Management Co. MA bought a new stake in Bank of Hawaii during the fourth quarter worth about $3,363,000. Finally, Ronald Blue Trust Inc. boosted its holdings in shares of Bank of Hawaii by 128.9% in the 4th quarter. Ronald Blue Trust Inc. now owns 698 shares of the bank’s stock worth $53,000 after purchasing an additional 393 shares in the last quarter. 74.29% of the stock is currently owned by institutional investors.

About Bank of Hawaii

(Get Rating)

Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.

Further Reading

Earnings History and Estimates for Bank of Hawaii (NYSE:BOH)

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