Bank of Hawaii (NYSE:BOH) Issues Earnings Results, Beats Estimates By $0.08 EPS

Bank of Hawaii (NYSE:BOH – Get Rating) announced its quarterly earnings data on Monday. The bank reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08, MarketWatch Earnings reports. Bank of Hawaii had a net margin of 31.88% and a return on equity of 18.37%. During the same quarter in the prior year, the firm earned $1.55 EPS.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock opened at $75.08 on Tuesday. The firm has a fifty day simple moving average of $78.49 and a 200-day simple moving average of $78.24. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. Bank of Hawaii has a 1-year low of $70.15 and a 1-year high of $89.30. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.77 and a beta of 1.01.

Wall Street Analysts Forecast Growth

BOH has been the subject of several recent research reports. StockNews.com downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, December 6th. Compass Point decreased their target price on shares of Bank of Hawaii to $86.00 in a research report on Thursday, October 27th. Finally, DA Davidson decreased their target price on shares of Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, October 25th.

Insider Transactions at Bank of Hawaii

In other news, CEO Peter S. Ho sold 5,500 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $79.30, for a total value of $436,150.00. Following the completion of the sale, the chief executive officer now directly owns 233,681 shares in the company, valued at $18,530,903.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bank of Hawaii

Several large investors have recently bought and sold shares of BOH. Covestor Ltd raised its stake in Bank of Hawaii by 72.4% during the 1st quarter. Covestor Ltd now owns 707 shares of the bank’s stock valued at $59,000 after purchasing an additional 297 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Bank of Hawaii by 27.9% in the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock valued at $60,000 after buying an additional 155 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Bank of Hawaii by 91.0% in the 1st quarter. Captrust Financial Advisors now owns 938 shares of the bank’s stock worth $79,000 after purchasing an additional 447 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Bank of Hawaii in the 1st quarter worth about $209,000. Finally, Quantbot Technologies LP grew its holdings in shares of Bank of Hawaii by 4,372.6% in the 2nd quarter. Quantbot Technologies LP now owns 3,265 shares of the bank’s stock worth $242,000 after purchasing an additional 3,192 shares during the last quarter. 74.29% of the stock is currently owned by institutional investors and hedge funds.

About Bank of Hawaii

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Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.