Zacks: Analysts Anticipate Bank of Hawaii Co. (NYSE:BOH) to Post $1.39 EPS

Wall Street brokerages expect Bank of Hawaii Co. (NYSE:BOH) to report earnings of $1.39 per share for the current quarter, according to Zacks. Two analysts have made estimates for Bank of Hawaii’s earnings, with the lowest EPS estimate coming in at $1.37 and the highest estimate coming in at $1.40. Bank of Hawaii reported earnings per share of $1.36 in the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The firm is expected to issue its next quarterly earnings results on Monday, October 28th.

On average, analysts expect that Bank of Hawaii will report full year earnings of $5.59 per share for the current fiscal year, with EPS estimates ranging from $5.54 to $5.65. For the next financial year, analysts expect that the company will post earnings of $5.70 per share, with EPS estimates ranging from $5.45 to $6.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Bank of Hawaii.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The business had revenue of $169.55 million during the quarter, compared to analyst estimates of $167.65 million. Bank of Hawaii had a net margin of 30.23% and a return on equity of 17.85%. During the same quarter last year, the business earned $1.30 earnings per share.

Several equities research analysts have recently issued reports on BOH shares. Compass Point lowered shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $83.00 to $82.00 in a report on Monday, April 22nd. Zacks Investment Research lowered shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Bank of Hawaii has an average rating of “Hold” and a consensus price target of $84.75.

In other news, Vice Chairman James C. Polk sold 6,176 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $80.82, for a total value of $499,144.32. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. 2.13% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of BOH. Rice Partnership LLC purchased a new position in Bank of Hawaii during the 1st quarter valued at about $224,000. Thrivent Financial for Lutherans boosted its holdings in shares of Bank of Hawaii by 4.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 10,669 shares of the bank’s stock valued at $718,000 after buying an additional 473 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Bank of Hawaii by 1,239.0% in the 4th quarter. Millennium Management LLC now owns 66,238 shares of the bank’s stock valued at $4,459,000 after buying an additional 61,291 shares in the last quarter. Walthausen & Co. LLC boosted its holdings in shares of Bank of Hawaii by 12.5% in the 1st quarter. Walthausen & Co. LLC now owns 88,230 shares of the bank’s stock valued at $6,959,000 after buying an additional 9,815 shares in the last quarter. Finally, Dean Capital Investments Management LLC bought a new stake in shares of Bank of Hawaii in the 1st quarter valued at about $207,000. 74.81% of the stock is currently owned by institutional investors.

Bank of Hawaii stock opened at $85.19 on Friday. The business has a 50-day moving average price of $81.77. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.03 and a beta of 0.91. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Bank of Hawaii has a 12-month low of $63.64 and a 12-month high of $85.89.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.60 annualized dividend and a dividend yield of 3.05%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 49.71%.

About Bank of Hawaii

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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Earnings History and Estimates for Bank of Hawaii (NYSE:BOH)

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