$162.90 Million in Sales Expected for Bank of Hawaii Co. (BOH) This Quarter

Wall Street brokerages predict that Bank of Hawaii Co. (NYSE:BOH) will post $162.90 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank of Hawaii’s earnings. The lowest sales estimate is $161.10 million and the highest is $164.70 million. Bank of Hawaii reported sales of $153.60 million during the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The business is expected to issue its next quarterly earnings report before the market opens on Monday, January 22nd.

On average, analysts expect that Bank of Hawaii will report full year sales of $162.90 million for the current year, with estimates ranging from $643.20 million to $655.77 million. For the next fiscal year, analysts forecast that the firm will post sales of $676.97 million per share, with estimates ranging from $666.60 million to $688.42 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Bank of Hawaii.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results 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 net margin of 27.27% and a return on equity of 15.45%. The business had revenue of $158.73 million for the quarter, compared to analyst estimates of $163.29 million. During the same quarter in the prior year, the business earned $1.02 EPS.

BOH has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Bank of Hawaii from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Monday, October 9th. Compass Point raised shares of Bank of Hawaii from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Piper Jaffray Companies reissued a “hold” rating and issued a $90.50 price objective on shares of Bank of Hawaii in a report on Tuesday, October 24th. Morgan Stanley boosted their price objective on shares of Bank of Hawaii from $76.00 to $88.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $88.00 price objective on shares of Bank of Hawaii in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $92.25.

Bank of Hawaii (NYSE BOH) opened at $86.73 on Monday. Bank of Hawaii has a 52 week low of $74.72 and a 52 week high of $89.39. The company has a market cap of $3,684.17, a PE ratio of 19.94, a P/E/G ratio of 1.98 and a beta of 0.97. 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 announced that its Board of Directors has authorized a share buyback program on Monday, October 23rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Several institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its holdings in shares of Bank of Hawaii by 0.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 34,679 shares of the bank’s stock worth $2,877,000 after acquiring an additional 176 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Bank of Hawaii by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,782 shares of the bank’s stock worth $1,061,000 after acquiring an additional 211 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Bank of Hawaii by 1.8% during the 2nd quarter. Prudential Financial Inc. now owns 26,871 shares of the bank’s stock worth $2,229,000 after acquiring an additional 480 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of Bank of Hawaii by 1.7% during the 2nd quarter. Suntrust Banks Inc. now owns 36,621 shares of the bank’s stock worth $3,038,000 after acquiring an additional 596 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in Bank of Hawaii by 7.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,640 shares of the bank’s stock worth $717,000 after purchasing an additional 600 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

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Bank of Hawaii 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.

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