DA Davidson Comments on Bank of Hawaii Corporation’s Q3 2017 Earnings (NYSE:BOH)
Bank of Hawaii Corporation (NYSE:BOH) – Equities research analysts at DA Davidson upped their Q3 2017 earnings per share estimates for shares of Bank of Hawaii Corporation in a research report issued on Monday. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $1.10 for the quarter, up from their prior estimate of $1.04.
Bank of Hawaii Corporation (NYSE:BOH) last released its earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The firm had revenue of $157.52 million during the quarter, compared to analyst estimates of $157.76 million. During the same quarter in the previous year, the business earned $1.03 EPS. ILLEGAL ACTIVITY WARNING: “DA Davidson Comments on Bank of Hawaii Corporation’s Q3 2017 Earnings (NYSE:BOH)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/07/da-davidson-comments-on-bank-of-hawaii-corporations-q3-2017-earnings-nyseboh-updated.html.
BOH has been the subject of several other research reports. Zacks Investment Research downgraded shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. BidaskClub downgraded shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Barclays PLC reaffirmed an “equal weight” rating and set a $83.00 price target (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. Finally, Morgan Stanley raised their price target on shares of Bank of Hawaii Corporation from $74.00 to $75.00 and gave the company an “underweight” rating in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $83.50.
Shares of Bank of Hawaii Corporation (BOH) opened at 83.54 on Thursday. Bank of Hawaii Corporation has a 12-month low of $66.38 and a 12-month high of $90.80. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 19.57 and a beta of 0.95. The firm’s 50-day moving average is $82.36 and its 200-day moving average is $82.64.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, August 29th. This is a boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.49%. Bank of Hawaii Corporation’s dividend payout ratio is 46.62%.
In other Bank of Hawaii Corporation news, CEO Peter S. Ho sold 3,000 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $83.28, for a total value of $249,840.00. Following the completion of the sale, the chief executive officer now directly owns 160,386 shares in the company, valued at $13,356,946.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter S. Ho sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $82.17, for a total transaction of $1,232,550.00. Following the completion of the sale, the chief executive officer now owns 173,386 shares of the company’s stock, valued at $14,247,127.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,000 shares of company stock valued at $2,306,590. 2.16% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Bank of Hawaii Corporation by 11,412.9% in the first quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock worth $479,514,000 after buying an additional 5,771,608 shares in the last quarter. Norges Bank acquired a new position in shares of Bank of Hawaii Corporation during the fourth quarter worth about $33,198,000. State Street Corp boosted its position in shares of Bank of Hawaii Corporation by 17.3% in the first quarter. State Street Corp now owns 1,994,913 shares of the bank’s stock worth $164,305,000 after buying an additional 294,607 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Bank of Hawaii Corporation during the first quarter worth about $15,851,000. Finally, Vanguard Group Inc. boosted its position in shares of Bank of Hawaii Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,595,900 shares of the bank’s stock worth $296,158,000 after buying an additional 144,229 shares in the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.
About Bank of Hawaii Corporation
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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