Analysts predict that Bank of Hawaii Corporation (NYSE:BOH) will post sales of $163.54 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Bank of Hawaii Corporation’s earnings. The highest sales estimate is $165.10 million and the lowest is $161.98 million. Bank of Hawaii Corporation reported sales of $152.03 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is expected to issue 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 sales of $163.54 million for the current financial year, with estimates ranging from $649.80 million to $660.27 million. For the next year, analysts expect 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 calculations are an average based on a survey of research firms that cover Bank of Hawaii Corporation.

Bank of Hawaii Corporation (NYSE:BOH) last released its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. The business had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. During the same quarter in the prior year, the company posted $1.03 earnings per share.

A number of equities analysts have issued reports on BOH shares. BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Barclays PLC reiterated an “equal weight” rating and set a $83.00 price target (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price target on shares of Bank of Hawaii Corporation in a research note on Friday, July 14th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $94.00 price target on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $86.80.

Shares of Bank of Hawaii Corporation (NYSE:BOH) opened at 82.96 on Thursday. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 19.39 and a beta of 0.99. Bank of Hawaii Corporation has a 12-month low of $71.78 and a 12-month high of $90.80. The company’s 50-day moving average price is $79.75 and its 200 day moving average price is $80.87.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.08 dividend on an annualized basis and a yield of 2.51%. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. Bank of Hawaii Corporation’s payout ratio is 48.48%.

In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 6,000 shares of Bank of Hawaii Corporation stock in a transaction dated Tuesday, September 12th. The stock was 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 in the company, valued at approximately $766,416.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donna A. Tanoue sold 4,050 shares of Bank of Hawaii Corporation stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $76.15, for a total value of $308,407.50. Following the transaction, the insider now owns 9,969 shares of the company’s stock, valued at approximately $759,139.35. The disclosure for this sale can be found here. Insiders have sold a total of 11,235 shares of company stock valued at $860,767 in the last quarter. Company insiders own 2.16% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bank of Hawaii Corporation by 30.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock worth $126,000 after buying an additional 355 shares in the last quarter. Crestwood Advisors Group LLC lifted its position 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 worth $206,000 after buying an additional 14 shares in the last quarter. World Asset Management Inc lifted its position 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 worth $216,000 after buying an additional 18 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Bank of Hawaii Corporation during the 1st quarter worth approximately $234,000. Finally, Shelton Capital Management bought a new position in shares of Bank of Hawaii Corporation during the 2nd quarter worth approximately $269,000. 75.61% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Bank of Hawaii Corporation (NYSE:BOH)

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