Analysts Expect Bank of Hawaii Corporation (BOH) Will Post Earnings of $1.09 Per Share
Brokerages expect Bank of Hawaii Corporation (NYSE:BOH) to report earnings per share (EPS) of $1.09 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bank of Hawaii Corporation’s earnings. The lowest EPS estimate is $1.08 and the highest is $1.12. Bank of Hawaii Corporation reported earnings of $1.02 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The firm is expected to announce its next earnings results on Monday, January 22nd.
On average, analysts expect that Bank of Hawaii Corporation will report full year earnings of $4.42 per share for the current financial year, with EPS estimates ranging from $4.40 to $4.45. For the next fiscal year, analysts forecast that the firm will report earnings of $4.68 per share, with EPS estimates ranging from $4.60 to $4.80. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Bank of Hawaii Corporation.
Bank of Hawaii Corporation (NYSE:BOH) last released its earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.08. The firm had revenue of $158.73 million for the quarter, compared to analyst estimates of $163.29 million. Bank of Hawaii Corporation had a net margin of 27.27% and a return on equity of 15.45%. During the same period in the prior year, the firm earned $1.02 earnings per share.
Several equities analysts have commented on BOH shares. Zacks Investment Research lowered shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii Corporation in a research note on Friday, September 15th. Piper Jaffray Companies reiterated a “hold” rating and issued a $90.50 price target on shares of Bank of Hawaii Corporation in a research note on Tuesday, October 24th. Barclays PLC increased their price objective on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $88.00 price objective on shares of Bank of Hawaii Corporation in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.92.
Shares of Bank of Hawaii Corporation (NYSE BOH) traded up $0.62 during trading on Friday, reaching $79.48. 133,000 shares of the company’s stock traded hands, compared to its average volume of 194,984. The stock has a market capitalization of $3,380.00, a price-to-earnings ratio of 18.13, a P/E/G ratio of 2.10 and a beta of 0.96. Bank of Hawaii Corporation has a one year low of $74.72 and a one year high of $90.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.66 and a quick ratio of 0.66.
Bank of Hawaii Corporation declared that its Board of Directors has authorized a share repurchase plan on Monday, October 23rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Wednesday, November 29th. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is currently 47.93%.
In other news, insider Donna A. Tanoue sold 1,185 shares of Bank of Hawaii Corporation stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $76.86, for a total value of $91,079.10. Following the transaction, the insider now directly owns 15,204 shares of the company’s stock, valued at approximately $1,168,579.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donna A. Tanoue sold 6,000 shares of Bank of Hawaii Corporation stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total value of $461,280.00. Following the completion of the transaction, the insider now directly owns 9,969 shares in the company, valued at $766,416.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,235 shares of company stock valued at $860,767. Company insiders own 2.16% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Bank of Hawaii Corporation by 9.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,208,500 shares of the bank’s stock worth $100,270,000 after purchasing an additional 101,583 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Bank of Hawaii Corporation by 19.1% in the 2nd quarter. SG Americas Securities LLC now owns 13,772 shares of the bank’s stock valued at $1,143,000 after acquiring an additional 2,213 shares during the last quarter. Bank of Hawaii increased its holdings in shares of Bank of Hawaii Corporation by 8.7% in the 2nd quarter. Bank of Hawaii now owns 36,677 shares of the bank’s stock valued at $3,043,000 after acquiring an additional 2,924 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of Bank of Hawaii Corporation by 16.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 602,834 shares of the bank’s stock valued at $50,017,000 after acquiring an additional 86,229 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Bank of Hawaii Corporation in the 2nd quarter valued at approximately $364,000. Institutional investors own 77.55% of the company’s stock.
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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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