Equities research analysts predict that Bank of Hawaii Co. (NYSE:BOH) will announce sales of $167.85 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank of Hawaii’s earnings, with estimates ranging from $167.79 million to $167.90 million. Bank of Hawaii reported sales of $161.79 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The company is scheduled to report its next earnings report on Monday, July 22nd.
According to Zacks, analysts expect that Bank of Hawaii will report full-year sales of $678.12 million for the current fiscal year, with estimates ranging from $676.60 million to $679.64 million. For the next financial year, analysts expect that the company will post sales of $701.49 million, with estimates ranging from $689.80 million to $713.18 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $168.52 million for the quarter, compared to the consensus estimate of $166.51 million. Bank of Hawaii had a net margin of 30.64% and a return on equity of 17.81%. During the same quarter last year, the firm posted $1.28 earnings per share.
Shares of BOH traded down $0.72 on Wednesday, reaching $79.79. The company’s stock had a trading volume of 2,418 shares, compared to its average volume of 144,227. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.30 billion, a PE ratio of 15.30, a P/E/G ratio of 1.92 and a beta of 0.89. The company’s 50 day moving average price is $80.23. Bank of Hawaii has a 12-month low of $63.64 and a 12-month high of $86.61.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.65 per share. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, May 30th. This represents a $2.60 dividend on an annualized basis and a yield of 3.26%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 49.71%.
In other Bank of Hawaii news, Vice Chairman James C. Polk sold 6,176 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $80.82, for a total transaction of $499,144.32. Following the sale, the insider now owns 31,291 shares in the company, valued at approximately $2,528,938.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.13% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd bought a new stake in Bank of Hawaii during the 4th quarter worth approximately $25,000. Lindbrook Capital LLC bought a new stake in shares of Bank of Hawaii during the fourth quarter valued at approximately $34,000. Enlightenment Research LLC bought a new stake in shares of Bank of Hawaii during the fourth quarter valued at approximately $40,000. Toronto Dominion Bank bought a new stake in shares of Bank of Hawaii during the fourth quarter valued at approximately $47,000. Finally, Destination Wealth Management raised its position in shares of Bank of Hawaii by 100.0% during the fourth quarter. Destination Wealth Management now owns 1,000 shares of the bank’s stock valued at $67,000 after buying an additional 500 shares during the last quarter. Institutional investors own 74.47% of the company’s stock.
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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