Zacks: Brokerages Expect Bank of Hawaii Co. (NYSE:BOH) Will Announce Earnings of $1.39 Per Share

Equities analysts forecast that Bank of Hawaii Co. (NYSE:BOH) will post earnings of $1.39 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bank of Hawaii’s earnings. The highest EPS estimate is $1.50 and the lowest is $1.32. Bank of Hawaii posted earnings of $1.06 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.1%. The company is scheduled to report its next earnings report on Monday, January 24th.

On average, analysts expect that Bank of Hawaii will report full year earnings of $6.11 per share for the current year, with EPS estimates ranging from $6.02 to $6.20. For the next fiscal year, analysts forecast that the business will post earnings of $5.23 per share, with EPS estimates ranging from $5.15 to $5.35. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Bank of Hawaii.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Sunday, October 24th. The bank reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.19. The firm had revenue of $168.20 million for the quarter, compared to analyst estimates of $167.36 million. Bank of Hawaii had a return on equity of 16.69% and a net margin of 33.28%. During the same quarter in the prior year, the company earned $0.95 earnings per share.

Separately, Jefferies Financial Group lowered their target price on Bank of Hawaii from $87.00 to $84.00 and set a “hold” rating on the stock in a research note on Monday, October 11th.

In other Bank of Hawaii news, CEO Peter S. Ho sold 5,833 shares of the firm’s stock in a transaction on Monday, September 20th. The stock was sold at an average price of $76.00, for a total transaction of $443,308.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dean Y. Shigemura sold 5,834 shares of the firm’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $84.79, for a total value of $494,664.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,809 shares of company stock worth $3,417,489. 2.02% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Bank of Hawaii by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,860,667 shares of the bank’s stock valued at $325,146,000 after purchasing an additional 102,251 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Bank of Hawaii by 1.3% in the 3rd quarter. BlackRock Inc. now owns 3,786,816 shares of the bank’s stock valued at $311,163,000 after purchasing an additional 46,857 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Bank of Hawaii by 12.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,726,821 shares of the bank’s stock valued at $229,654,000 after acquiring an additional 311,942 shares in the last quarter. State Street Corp boosted its holdings in shares of Bank of Hawaii by 9.8% during the 2nd quarter. State Street Corp now owns 1,974,260 shares of the bank’s stock valued at $166,272,000 after acquiring an additional 175,527 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Bank of Hawaii by 4.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,481,748 shares of the bank’s stock valued at $121,755,000 after acquiring an additional 65,355 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE BOH traded down $0.64 during trading hours on Thursday, reaching $86.77. 72,966 shares of the stock were exchanged, compared to its average volume of 217,104. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 1.74 and a beta of 1.24. Bank of Hawaii has a 52 week low of $74.76 and a 52 week high of $99.10. The stock’s fifty day simple moving average is $84.27 and its 200 day simple moving average is $85.04.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 14th. Stockholders of record on Tuesday, November 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 48.61%.

About Bank of Hawaii

Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.

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