Bank of Hawaii (NYSE:BOH) – Jefferies Group lifted their Q1 2018 earnings estimates for shares of Bank of Hawaii in a research note issued on Wednesday, April 4th. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $1.20 per share for the quarter, up from their prior forecast of $1.19. Jefferies Group also issued estimates for Bank of Hawaii’s FY2018 earnings at $5.25 EPS and FY2019 earnings at $5.65 EPS.
Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.08). The company had revenue of $160.63 million for the quarter, compared to analysts’ expectations of $162.90 million. Bank of Hawaii had a net margin of 26.80% and a return on equity of 15.48%. During the same period in the previous year, the business earned $1.02 earnings per share.
Several other equities analysts also recently issued reports on BOH. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, February 27th. Zacks Investment Research downgraded shares of Bank of Hawaii from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Barclays increased their price objective on shares of Bank of Hawaii from $85.00 to $92.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Piper Jaffray reaffirmed a “hold” rating and set a $92.50 price objective on shares of Bank of Hawaii in a report on Tuesday, January 9th. Finally, Morgan Stanley decreased their price objective on shares of Bank of Hawaii from $88.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Bank of Hawaii has an average rating of “Hold” and a consensus price target of $91.92.
BOH opened at $81.52 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. The firm has a market cap of $3,490.97, a price-to-earnings ratio of 18.71, a P/E/G ratio of 1.87 and a beta of 0.80. Bank of Hawaii has a 52-week low of $74.72 and a 52-week high of $89.09.
Several hedge funds and other institutional investors have recently modified their holdings of BOH. Victory Capital Management Inc. acquired a new stake in shares of Bank of Hawaii in the fourth quarter valued at about $51,080,000. American Century Companies Inc. raised its position in shares of Bank of Hawaii by 17.8% in the fourth quarter. American Century Companies Inc. now owns 1,208,113 shares of the bank’s stock valued at $103,535,000 after buying an additional 182,235 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Bank of Hawaii in the fourth quarter valued at about $10,370,000. Deutsche Bank AG raised its position in shares of Bank of Hawaii by 68.4% in the fourth quarter. Deutsche Bank AG now owns 203,925 shares of the bank’s stock valued at $17,473,000 after buying an additional 82,834 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Bank of Hawaii by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 391,103 shares of the bank’s stock valued at $33,517,000 after buying an additional 31,874 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Tuesday, February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is 47.17%.
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Bank of Hawaii Company Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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