Bank of Hawaii Corp. (NYSE:BOH) – Jefferies Group raised their Q3 2016 earnings per share (EPS) estimates for shares of Bank of Hawaii Corp. in a research report issued to clients and investors on Friday. Jefferies Group analyst C. Haire now anticipates that the firm will earn $0.98 per share for the quarter, up from their prior forecast of $0.97. Jefferies Group also issued estimates for Bank of Hawaii Corp.’s FY2016 earnings at $4.17 EPS and FY2018 earnings at $4.30 EPS.

Other analysts have also issued research reports about the company. Royal Bank Of Canada upped their target price on Bank of Hawaii Corp. from $68.00 to $72.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 26th. Compass Point assumed coverage on Bank of Hawaii Corp. in a research report on Thursday, August 11th. They set a “neutral” rating and a $69.00 price target on the stock. RBC Capital Markets reaffirmed a “sector perform” rating and set a $72.00 price target (up from $68.00) on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 price target on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. Finally, Zacks Investment Research downgraded Bank of Hawaii Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $70.00.

Earnings History and Estimates for Bank of Hawaii Corp. (NYSE:BOH)

Bank of Hawaii Corp. (NYSE:BOH) opened at 73.81 on Monday. Bank of Hawaii Corp. has a 52-week low of $54.55 and a 52-week high of $74.69. The stock has a market capitalization of $3.16 billion, a P/E ratio of 18.60 and a beta of 0.99. The company’s 50-day moving average price is $71.92 and its 200 day moving average price is $69.63.

Bank of Hawaii Corp. (NYSE:BOH) last released its earnings results on Monday, July 25th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.10. The company had revenue of $150.10 million for the quarter, compared to the consensus estimate of $149.13 million. Bank of Hawaii Corp. had a return on equity of 15.21% and a net margin of 26.96%. Bank of Hawaii Corp.’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, August 29th. Bank of Hawaii Corp.’s payout ratio is 48.36%.

Several institutional investors have recently added to or reduced their stakes in BOH. Oregon Public Employees Retirement Fund increased its position in Bank of Hawaii Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 14,811 shares of the company’s stock valued at $1,076,000 after buying an additional 297 shares during the last quarter. First American Bank raised its stake in Bank of Hawaii Corp. by 3.1% in the third quarter. First American Bank now owns 51,678 shares of the company’s stock valued at $3,753,000 after buying an additional 1,549 shares during the last quarter. Liberty Capital Management Inc. acquired a new stake in Bank of Hawaii Corp. during the third quarter valued at approximately $173,000. Independent Portfolio Consultants Inc. raised its stake in Bank of Hawaii Corp. by 4.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 3,225 shares of the company’s stock valued at $234,000 after buying an additional 150 shares during the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in Bank of Hawaii Corp. during the second quarter valued at approximately $1,350,000. 76.08% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Corp. 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 services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

5 Day Chart for NYSE:BOH

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