Bank of Hawaii (BOH) to Release Earnings on Monday

Bank of Hawaii (NYSE:BOH) will be releasing its earnings data before the market opens on Monday, April 22nd. Analysts expect Bank of Hawaii to post earnings of $0.91 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. The firm had revenue of $252.63 million during the quarter, compared to analysts’ expectations of $161.03 million. Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. During the same period last year, the business earned $1.50 earnings per share. On average, analysts expect Bank of Hawaii to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Bank of Hawaii Stock Up 3.6 %

Shares of BOH stock opened at $58.40 on Friday. The stock has a market cap of $2.32 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06. Bank of Hawaii has a one year low of $30.83 and a one year high of $75.19. The stock has a fifty day moving average price of $60.51 and a 200 day moving average price of $60.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a $0.70 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.80 annualized dividend and a yield of 4.79%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 67.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Manhattan Co. lifted its holdings in shares of Bank of Hawaii by 61.7% during the fourth quarter. First Manhattan Co. now owns 3,157 shares of the bank’s stock valued at $245,000 after acquiring an additional 1,205 shares during the period. Quantbot Technologies LP raised its holdings in shares of Bank of Hawaii by 4,372.6% in the second quarter. Quantbot Technologies LP now owns 3,265 shares of the bank’s stock valued at $242,000 after buying an additional 3,192 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Bank of Hawaii by 16.0% in the second quarter. State of Wisconsin Investment Board now owns 5,844 shares of the bank’s stock valued at $241,000 after buying an additional 806 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Bank of Hawaii by 10.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,357 shares of the bank’s stock valued at $221,000 after buying an additional 500 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Bank of Hawaii by 4,696.7% in the second quarter. Osaic Holdings Inc. now owns 228,180 shares of the bank’s stock valued at $213,000 after buying an additional 223,423 shares during the last quarter. 82.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BOH has been the subject of several research reports. Keefe, Bruyette & Woods reduced their target price on Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating for the company in a research report on Tuesday, January 23rd. Piper Sandler reduced their target price on Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. StockNews.com raised Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Jefferies Financial Group reduced their target price on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Finally, Barclays began coverage on Bank of Hawaii in a report on Friday, March 8th. They set an “underweight” rating and a $51.00 price objective for the company. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, Bank of Hawaii presently has an average rating of “Reduce” and a consensus target price of $53.60.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.