Bank of Hawaii Corporation (NYSE:BOH) Scheduled to Post Quarterly Earnings on Monday
Bank of Hawaii Corporation (NYSE:BOH) is set to release its earnings data before the market opens on Monday, July 24th. Analysts expect Bank of Hawaii Corporation to post earnings of $1.03 per share for the quarter.
Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings results on Monday, April 24th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.12. Bank of Hawaii Corporation had a net margin of 27.57% and a return on equity of 15.61%. The business had revenue of $165.79 million for the quarter, compared to analyst estimates of $159.45 million. During the same period in the previous year, the company earned $1.16 earnings per share. On average, analysts expect Bank of Hawaii Corporation to post $4.32 EPS for the current fiscal year and $4.6 EPS for the next fiscal year.
Bank of Hawaii Corporation (NYSE BOH) opened at 81.49 on Monday. The firm has a 50-day moving average of $80.16 and a 200 day moving average of $83.40. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. Bank of Hawaii Corporation has a 12-month low of $66.38 and a 12-month high of $90.80.
In related news, CEO Peter S. Ho sold 3,000 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $83.28, for a total value of $249,840.00. Following the transaction, the chief executive officer now directly owns 160,386 shares of the company’s stock, valued at approximately $13,356,946.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $82.17, for a total transaction of $1,232,550.00. Following the completion of the transaction, the chief executive officer now directly owns 173,386 shares in the company, valued at $14,247,127.62. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock worth $2,306,590 over the last ninety days. Insiders own 2.16% of the company’s stock.
A number of brokerages have commented on BOH. Zacks Investment Research raised shares of Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. BidaskClub raised shares of Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Barclays PLC reissued an “equal weight” rating and issued a $83.00 price objective (up from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $85.00 price objective on shares of Bank of Hawaii Corporation in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Bank of Hawaii Corporation presently has an average rating of “Hold” and a consensus target price of $78.43.
About Bank of Hawaii Corporation
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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