Equities analysts expect Bank of Hawaii Co. (NYSE:BOH) to report earnings of $1.22 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bank of Hawaii’s earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $1.18. Bank of Hawaii reported earnings of $1.20 per share in the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The company is expected to report its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Bank of Hawaii will report full-year earnings of $5.19 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.35. For the next year, analysts forecast that the company will report earnings of $5.61 per share, with EPS estimates ranging from $5.35 to $5.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.08). Bank of Hawaii had a net margin of 26.80% and a return on equity of 15.48%. The firm had revenue of $160.63 million during the quarter, compared to analyst estimates of $162.90 million. During the same period in the previous year, the firm posted $1.02 earnings per share.
Bank of Hawaii (BOH) traded down $0.57 on Tuesday, reaching $80.41. The company had a trading volume of 48,288 shares, compared to its average volume of 244,539. Bank of Hawaii has a 1 year low of $74.72 and a 1 year high of $89.09. The firm has a market cap of $3,557.06, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.90 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.08 annualized dividend and a yield of 2.59%. Bank of Hawaii’s payout ratio is 47.93%.
Bank of Hawaii announced that its Board of Directors has initiated a share buyback program on Monday, October 23rd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in Bank of Hawaii during the 3rd quarter worth about $117,000. Rocky Mountain Advisers LLC lifted its holdings in Bank of Hawaii by 13,300.0% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock worth $168,000 after buying an additional 1,995 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Bank of Hawaii during the 3rd quarter worth about $203,000. State of Alaska Department of Revenue purchased a new stake in Bank of Hawaii during the 4th quarter worth about $214,000. Finally, Trexquant Investment LP purchased a new stake in Bank of Hawaii during the 3rd quarter worth about $240,000. 75.71% 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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