Research Analysts Offer Predictions for Bank of Hawaii Co.’s Q2 2024 Earnings (NYSE:BOH)

Bank of Hawaii Co. (NYSE:BOH) – DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Bank of Hawaii in a report issued on Tuesday, April 23rd. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $0.87 per share for the quarter. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.72 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2024 earnings at $3.50 EPS and FY2025 earnings at $3.70 EPS.

A number of other brokerages also recently issued reports on BOH. Keefe, Bruyette & Woods boosted their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday. Jefferies Financial Group dropped their price objective on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. StockNews.com raised Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Barclays dropped their price target on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Piper Sandler dropped their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Reduce” and an average price target of $52.20.

Bank of Hawaii Stock Down 0.4 %

Shares of NYSE:BOH opened at $58.20 on Wednesday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day moving average is $60.41 and its 200-day moving average is $60.81. Bank of Hawaii has a 1 year low of $30.83 and a 1 year high of $75.19.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The business had revenue of $252.64 million during the quarter, compared to analyst estimates of $160.79 million. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. During the same period in the prior year, the firm earned $1.14 earnings per share.

Institutional Trading of Bank of Hawaii

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Bank of Hawaii by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock worth $336,946,000 after purchasing an additional 87,919 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Bank of Hawaii by 28.6% in the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock valued at $131,789,000 after acquiring an additional 590,492 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bank of Hawaii by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,142,123 shares of the bank’s stock valued at $82,758,000 after acquiring an additional 24,031 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Bank of Hawaii by 0.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 508,933 shares of the bank’s stock valued at $36,877,000 after acquiring an additional 2,495 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Bank of Hawaii by 105.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock valued at $32,718,000 after acquiring an additional 231,909 shares in the last quarter. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Friday, May 31st. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

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.