Bank of Hawaii Corporation (NYSE:BOH) – Analysts at Jefferies Group reduced their Q3 2017 EPS estimates for Bank of Hawaii Corporation in a research note issued to investors on Monday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $1.04 per share for the quarter, down from their prior forecast of $1.05. Jefferies Group currently has a “Hold” rating and a $85.00 target price on the stock. Jefferies Group also issued estimates for Bank of Hawaii Corporation’s Q4 2017 earnings at $1.04 EPS, FY2017 earnings at $4.33 EPS, Q1 2018 earnings at $1.07 EPS, Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.22 EPS and FY2018 earnings at $4.65 EPS.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Monday. Morgan Stanley reiterated an “underweight” rating and issued a $77.00 target price (up previously from $75.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, October 4th. BidaskClub lowered shares of Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $94.00 target price on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 26th. Finally, Barclays PLC increased their target price on shares of Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $87.20.

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Shares of Bank of Hawaii Corporation (BOH) opened at 85.05 on Wednesday. The stock has a 50 day moving average of $80.33 and a 200 day moving average of $81.00. Bank of Hawaii Corporation has a one year low of $71.78 and a one year high of $90.80. The stock has a market cap of $3.63 billion, a P/E ratio of 19.88 and a beta of 0.99.

Bank of Hawaii Corporation (NYSE:BOH) last issued its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The business had revenue of $157.52 million for the quarter, compared to the consensus estimate of $157.76 million. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. During the same quarter in the previous year, the firm earned $1.03 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in BOH. BlackRock Inc. grew its position in Bank of Hawaii Corporation by 11,412.9% in the 1st quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock valued at $479,514,000 after buying an additional 5,771,608 shares in the last quarter. Koch Industries Inc. bought a new position in Bank of Hawaii Corporation in the 2nd quarter valued at about $364,000. State Street Corp grew its position in Bank of Hawaii Corporation by 17.3% in the 1st quarter. State Street Corp now owns 1,994,913 shares of the bank’s stock valued at $164,305,000 after buying an additional 294,607 shares in the last quarter. Balyasny Asset Management LLC grew its position in Bank of Hawaii Corporation by 310.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 322,774 shares of the bank’s stock valued at $26,781,000 after buying an additional 244,085 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in Bank of Hawaii Corporation in the 2nd quarter valued at about $17,903,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.

In related news, insider Donna A. Tanoue sold 6,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donna A. Tanoue sold 4,050 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of 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 sold a total of 11,235 shares of company stock valued at $860,767 in the last quarter. 2.16% of the stock is currently owned by insiders.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Tuesday, August 29th. This is a positive change from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. Bank of Hawaii Corporation’s dividend payout ratio is currently 48.48%.

Bank of Hawaii Corporation Company Profile

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.

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

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