$1.09 EPS Expected for Bank of Hawaii Co. (BOH) This Quarter

Equities analysts predict that Bank of Hawaii Co. (NYSE:BOH) will post earnings per share (EPS) of $1.09 for the current quarter, according to Zacks. Two analysts have issued estimates for Bank of Hawaii’s earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.12. Bank of Hawaii posted earnings per share of $1.02 during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The firm is expected to announce its next quarterly earnings report before the market opens on Monday, January 22nd.

According to Zacks, analysts expect that Bank of Hawaii will report full year earnings of $4.42 per share for the current financial year, with EPS estimates ranging from $4.40 to $4.45. For the next financial year, analysts expect that the business will post earnings of $5.16 per share, with EPS estimates ranging from $4.67 to $5.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Bank of Hawaii.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, meeting 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 last year, the firm posted $1.02 earnings per share.

A number of equities research analysts have commented on BOH shares. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Morgan Stanley restated an “underweight” rating and issued a $77.00 target price (up previously from $75.00) on shares of Bank of Hawaii in a report on Wednesday, October 4th. Jefferies Group restated a “hold” rating and issued a $92.00 target price on shares of Bank of Hawaii in a report on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $88.00 target price on shares of Bank of Hawaii in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $90.50 target price on shares of Bank of Hawaii in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $92.25.

Shares of Bank of Hawaii (NYSE BOH) traded up $0.47 during trading on Friday, reaching $86.73. The company’s stock had a trading volume of 361,671 shares, compared to its average volume of 172,318. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.22. Bank of Hawaii has a 12-month low of $74.72 and a 12-month high of $89.39. The firm has a market capitalization of $3,664.21, a PE ratio of 19.94, a PEG ratio of 1.97 and a beta of 0.97.

Bank of Hawaii declared that its board has authorized a share 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Several hedge funds have recently bought and sold shares of BOH. Koch Industries Inc. bought a new position in shares of Bank of Hawaii in the second quarter valued at approximately $364,000. Sei Investments Co. lifted its holdings in Bank of Hawaii by 2,492.0% during the third quarter. Sei Investments Co. now owns 295,328 shares of the bank’s stock worth $38,856,000 after acquiring an additional 283,934 shares during the period. Balyasny Asset Management LLC lifted its holdings in Bank of Hawaii by 310.2% during the second quarter. Balyasny Asset Management LLC now owns 322,774 shares of the bank’s stock worth $26,781,000 after acquiring an additional 244,085 shares during the period. American Century Companies Inc. lifted its holdings in Bank of Hawaii by 28.9% during the third quarter. American Century Companies Inc. now owns 1,025,878 shares of the bank’s stock worth $85,517,000 after acquiring an additional 229,779 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in Bank of Hawaii during the second quarter worth $17,903,000. Institutional investors own 75.66% of the company’s stock.

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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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