Zacks: Analysts Anticipate Bank of Hawaii Co. (BOH) Will Post Quarterly Sales of $163.54 Million
Equities research analysts predict that Bank of Hawaii Co. (NYSE:BOH) will announce $163.54 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bank of Hawaii’s earnings. The highest sales estimate is $165.10 million and the lowest is $161.98 million. Bank of Hawaii posted sales of $152.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The business is expected to report its next quarterly earnings results on Monday, October 23rd.
On average, analysts expect that Bank of Hawaii will report full year sales of $163.54 million for the current fiscal year, with estimates ranging from $649.80 million to $660.27 million. For the next fiscal year, analysts anticipate that the firm will report sales of $686.38 million per share, with estimates ranging from $676.57 million to $694.98 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.02. Bank of Hawaii had a return on equity of 14.89% and a net margin of 28.35%. The business had revenue of $157.52 million during the quarter, compared to analyst estimates of $157.76 million. During the same quarter in the previous year, the firm posted $1.03 EPS.
Several equities analysts have commented on BOH shares. Zacks Investment Research raised Bank of Hawaii from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday, April 21st. Morgan Stanley upped their price target on Bank of Hawaii from $74.00 to $75.00 and gave the company an “underweight” rating in a report on Tuesday, June 6th. BidaskClub raised Bank of Hawaii from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $83.00 target price (up from $81.00) on shares of Bank of Hawaii in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Bank of Hawaii has an average rating of “Hold” and an average price target of $83.50.
Bank of Hawaii (NYSE BOH) traded down 0.49% on Friday, reaching $79.79. The company had a trading volume of 142,015 shares. The company has a 50-day moving average of $82.68 and a 200 day moving average of $82.34. Bank of Hawaii has a one year low of $68.54 and a one year high of $90.80. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 18.65 and a beta of 0.95.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.52 dividend. The ex-dividend date is Tuesday, August 29th. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.61%. Bank of Hawaii’s dividend payout ratio is presently 46.62%.
Several institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC boosted its position in shares of Bank of Hawaii by 70.5% in the fourth quarter. Guggenheim Capital LLC now owns 12,131 shares of the bank’s stock worth $1,076,000 after buying an additional 5,017 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Bank of Hawaii during the fourth quarter worth about $332,000. Teachers Advisors LLC boosted its position in shares of Bank of Hawaii by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 59,252 shares of the bank’s stock worth $5,255,000 after buying an additional 2,489 shares during the last quarter. Creative Planning boosted its position in shares of Bank of Hawaii by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock worth $134,000 after buying an additional 65 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Bank of Hawaii by 1.2% in the first quarter. Bank of Montreal Can now owns 26,897 shares of the bank’s stock worth $2,216,000 after buying an additional 316 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.
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About Bank of Hawaii
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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