Analysts expect Bank of Hawaii Co. (NYSE:BOH) to report $162.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bank of Hawaii’s earnings, with the highest sales estimate coming in at $164.70 million and the lowest estimate coming in at $161.10 million. Bank of Hawaii reported sales of $153.60 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The business is expected to announce its next quarterly earnings results on Monday, January 22nd.
According to Zacks, analysts expect that Bank of Hawaii will report full year sales of $162.90 million for the current year, with estimates ranging from $643.20 million to $655.77 million. For the next financial year, analysts expect that the business will report sales of $676.66 million per share, with estimates ranging from $666.60 million to $688.09 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $158.73 million during the quarter, compared to analysts’ expectations of $163.29 million. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. During the same period last year, the business earned $1.02 earnings per share.
Several brokerages recently weighed in on BOH. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $88.00 price target on shares of Bank of Hawaii in a research report on Tuesday, October 24th. Zacks Investment Research cut Bank of Hawaii from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Compass Point upgraded Bank of Hawaii from a “neutral” rating to a “buy” rating in a research report on Monday. Piper Jaffray Companies reiterated a “hold” rating and set a $90.50 price target on shares of Bank of Hawaii in a research report on Tuesday, October 24th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $77.00 price target (up from $75.00) on shares of Bank of Hawaii in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $89.75.
Shares of Bank of Hawaii (NYSE BOH) traded down $0.24 during mid-day trading on Wednesday, reaching $87.28. The company had a trading volume of 178,200 shares, compared to its average volume of 195,420. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $3,717.73, a PE ratio of 20.12, a P/E/G ratio of 2.33 and a beta of 0.97. Bank of Hawaii has a 52 week low of $74.72 and a 52 week high of $90.80.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Wednesday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 47.82%.
Bank of Hawaii announced that its board has approved a share buyback plan on Monday, October 23rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors have recently bought and sold shares of BOH. Great West Life Assurance Co. Can increased its position in shares of Bank of Hawaii by 0.6% in the second quarter. Great West Life Assurance Co. Can now owns 25,591 shares of the bank’s stock valued at $2,122,000 after buying an additional 146 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Bank of Hawaii by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 190,033 shares of the bank’s stock valued at $15,768,000 after buying an additional 6,212 shares in the last quarter. Arizona State Retirement System increased its position in shares of Bank of Hawaii by 1.7% in the second quarter. Arizona State Retirement System now owns 18,000 shares of the bank’s stock valued at $1,493,000 after buying an additional 300 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Bank of Hawaii by 19.1% in the second quarter. SG Americas Securities LLC now owns 13,772 shares of the bank’s stock valued at $1,143,000 after buying an additional 2,213 shares in the last quarter. Finally, Alps Advisors Inc. increased its position in shares of Bank of Hawaii by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,667 shares of the bank’s stock valued at $470,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.
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About Bank of Hawaii
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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