Zacks: Analysts Anticipate Bank of Hawaii Corporation (BOH) to Post $1.08 Earnings Per Share
Equities analysts expect that Bank of Hawaii Corporation (NYSE:BOH) will announce earnings per share of $1.08 for the current quarter, Zacks reports. Two analysts have issued estimates for Bank of Hawaii Corporation’s earnings. The highest EPS estimate is $1.10 and the lowest is $1.05. Bank of Hawaii Corporation reported earnings of $1.02 per share in the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The firm is expected to announce its next earnings report before the market opens on Monday, October 23rd.
On average, analysts expect that Bank of Hawaii Corporation will report full year earnings of $4.39 per share for the current year, with EPS estimates ranging from $4.25 to $4.50. For the next year, analysts forecast that the business will report earnings of $4.69 per share, with EPS estimates ranging from $4.55 to $4.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Bank of Hawaii Corporation.
Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The firm had revenue of $157.52 million during the quarter, compared to the consensus estimate of $157.76 million. During the same period last year, the business posted $1.03 earnings per share.
Several research firms recently commented on BOH. Zacks Investment Research downgraded Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. BidaskClub downgraded Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 target price on shares of Bank of Hawaii Corporation in a research report on Friday, September 15th. Barclays PLC restated an “equal weight” rating and issued a $83.00 target price (up from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. Finally, Morgan Stanley boosted their target price on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the company an “underweight” rating in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $86.40.
In related news, insider Donna A. Tanoue sold 4,050 shares of Bank of Hawaii Corporation stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $76.15, for a total value of $308,407.50. Following the completion of the transaction, the insider now directly owns 9,969 shares in the company, valued at approximately $759,139.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donna A. Tanoue sold 6,000 shares of Bank of Hawaii Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total transaction of $461,280.00. Following the completion of the transaction, the insider now owns 9,969 shares of the company’s stock, valued at $766,416.72. The disclosure for this sale can be found here. Insiders have sold a total of 11,235 shares of company stock worth $860,767 over the last 90 days. 2.16% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bank of Hawaii Corporation by 30.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock worth $126,000 after acquiring an additional 355 shares during the period. Crestwood Advisors Group LLC raised its stake in shares of Bank of Hawaii Corporation by 0.6% during the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after purchasing an additional 14 shares during the period. World Asset Management Inc raised its stake in shares of Bank of Hawaii Corporation by 0.7% during the 1st quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock valued at $216,000 after purchasing an additional 18 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Bank of Hawaii Corporation during the 1st quarter valued at $234,000. Finally, Shelton Capital Management bought a new stake in shares of Bank of Hawaii Corporation during the 2nd quarter valued at $269,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.
Bank of Hawaii Corporation (NYSE:BOH) traded down 0.44% during trading on Tuesday, hitting $84.02. The stock had a trading volume of 115,210 shares. The firm has a market capitalization of $3.58 billion, a PE ratio of 19.64 and a beta of 0.98. Bank of Hawaii Corporation has a 1-year low of $71.78 and a 1-year high of $90.80. The firm has a 50 day moving average price of $79.62 and a 200-day moving average price of $80.86.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a $0.52 dividend. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 29th. This represents a $2.08 annualized dividend and a dividend yield of 2.48%. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is presently 48.48%.
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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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