Bank of Hawaii Co. (NYSE:BOH) – Research analysts at Jefferies Group lifted their FY2018 EPS estimates for shares of Bank of Hawaii in a report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst C. Haire now forecasts that the bank will earn $5.35 per share for the year, up from their prior estimate of $4.60. Jefferies Group has a “Hold” rating and a $92.00 price target on the stock. Jefferies Group also issued estimates for Bank of Hawaii’s FY2019 earnings at $5.70 EPS.
A number of other equities analysts have also recently weighed in on the company. Piper Jaffray Companies reissued a “hold” rating and issued a $92.50 price target on shares of Bank of Hawaii in a research note on Tuesday, January 9th. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $88.00 price target on shares of Bank of Hawaii in a research note on Tuesday, October 24th. Morgan Stanley reissued an “underweight” rating and issued a $77.00 price target (up previously from $75.00) on shares of Bank of Hawaii in a research note on Wednesday, October 4th. Finally, Barclays lifted their price target on Bank of Hawaii from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.25.
Bank of Hawaii (NYSE BOH) traded down $2.02 during trading hours on Wednesday, reaching $86.60. The company had a trading volume of 251,700 shares, compared to its average volume of 205,330. The firm has a market capitalization of $3,764.46, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.02 and a beta of 0.97. Bank of Hawaii has a 1 year low of $74.72 and a 1 year high of $89.39. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.22.
Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 had a return on equity of 15.45% and a net margin of 27.27%. During the same period in the previous year, the company earned $1.02 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in BOH. Quantbot Technologies LP acquired a new stake in Bank of Hawaii during the 3rd quarter worth about $117,000. Rocky Mountain Advisers LLC boosted its position in Bank of Hawaii by 13,300.0% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock worth $168,000 after acquiring an additional 1,995 shares during the period. Magnetar Financial LLC acquired a new stake in Bank of Hawaii during the 3rd quarter worth about $203,000. Trexquant Investment LP acquired a new stake in Bank of Hawaii during the 3rd quarter worth about $240,000. Finally, Eagle Ridge Investment Management acquired a new stake in Bank of Hawaii during the 3rd quarter worth about $244,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Bank of Hawaii announced that its Board of Directors has approved a share buyback program on Monday, October 23rd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
TRADEMARK VIOLATION NOTICE: This news story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/01/17/brokers-set-expectations-for-bank-of-hawaii-co-s-fy2018-earnings-boh.html.
Bank of Hawaii 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 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.
Get a free copy of the Zacks research report on Bank of Hawaii (BOH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.