FY2018 Earnings Forecast for Bank of Hawaii Co. (NYSE:BOH) Issued By Jefferies Group

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.

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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.

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