Wall Street brokerages forecast that Bank of Hawaii Co. (NYSE:BOH) will report $162.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bank of Hawaii’s earnings, with the lowest sales estimate coming in at $161.10 million and the highest estimate coming in at $164.70 million. Bank of Hawaii posted sales of $153.60 million in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The company is expected to issue its next quarterly earnings results before the market opens on Monday, January 22nd.
According to Zacks, analysts expect that Bank of Hawaii will report full-year sales of $162.90 million for the current fiscal year, with estimates ranging from $643.20 million to $655.77 million. For the next fiscal year, analysts forecast that the firm will report sales of $676.66 million per share, with estimates ranging from $666.60 million to $688.09 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. The firm had revenue of $158.73 million during the quarter, compared to analysts’ expectations of $163.29 million. During the same quarter in the prior year, the company earned $1.02 EPS.
Bank of Hawaii (NYSE BOH) opened at $85.23 on Friday. Bank of Hawaii has a one year low of $74.72 and a one year high of $90.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $3,620.00, a PE ratio of 19.64, a PEG ratio of 2.16 and a beta of 0.97.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a $0.52 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.08 annualized dividend and a yield of 2.44%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 47.93%.
Bank of Hawaii declared that its board has authorized a stock buyback plan on Monday, October 23rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in Bank of Hawaii in the 3rd quarter valued at about $117,000. Rocky Mountain Advisers LLC raised its holdings in Bank of Hawaii by 13,300.0% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock valued at $168,000 after acquiring an additional 1,995 shares during the period. Magnetar Financial LLC bought a new position in Bank of Hawaii in the 3rd quarter valued at about $203,000. Trexquant Investment LP bought a new position in Bank of Hawaii in the 3rd quarter valued at about $240,000. Finally, Eagle Ridge Investment Management bought a new position in Bank of Hawaii in the 3rd quarter valued at about $244,000. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
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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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