Wall Street brokerages expect Bank of Hawaii (NYSE:BOH) to post sales of $160.91 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bank of Hawaii’s earnings, with the lowest sales estimate coming in at $158.33 million and the highest estimate coming in at $163.50 million. Bank of Hawaii reported sales of $165.79 million during the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, April 23rd.
On average, analysts expect that Bank of Hawaii will report full-year sales of $667.42 million for the current financial year, with estimates ranging from $645.34 million to $679.81 million. For the next fiscal year, analysts forecast that the company will post sales of $704.62 million per share, with estimates ranging from $681.43 million to $719.42 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.08). The business 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 last year, the business posted $1.02 EPS.
A number of research analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $92.00 target price on shares of Bank of Hawaii in a research report on Friday, December 22nd. Zacks Investment Research downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Piper Jaffray reissued a “hold” rating and set a $92.50 target price on shares of Bank of Hawaii in a research report on Tuesday, January 9th. Compass Point raised shares of Bank of Hawaii from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. Finally, Barclays lifted their price objective on shares of Bank of Hawaii from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $90.92.
Several institutional investors have recently modified their holdings of the company. Elkfork Partners LLC purchased a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $385,000. Xact Kapitalforvaltning AB acquired a new position in Bank of Hawaii in the fourth quarter valued at about $346,000. MetLife Investment Advisors LLC acquired a new position in Bank of Hawaii in the fourth quarter valued at about $2,303,000. BB&T Securities LLC lifted its position in Bank of Hawaii by 8.4% in the fourth quarter. BB&T Securities LLC now owns 12,618 shares of the bank’s stock valued at $1,081,000 after buying an additional 981 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new position in Bank of Hawaii in the fourth quarter valued at about $580,000. 75.99% of the stock is currently owned by hedge funds and other institutional investors.
NYSE BOH opened at $83.56 on Tuesday. 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 stock has a market cap of $3,512.14, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. Bank of Hawaii has a one year low of $74.72 and a one year high of $89.09.
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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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