Equities research analysts expect Bank of Hawaii (NYSE:BOH) to post sales of $164.78 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Bank of Hawaii’s earnings. The lowest sales estimate is $161.74 million and the highest is $166.40 million. Bank of Hawaii reported sales of $157.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The firm is expected to issue its next quarterly earnings results on Monday, July 23rd.
On average, analysts expect that Bank of Hawaii will report full year sales of $665.11 million for the current financial year, with estimates ranging from $652.42 million to $671.73 million. For the next year, analysts expect that the company will post sales of $702.02 million per share, with estimates ranging from $679.14 million to $714.93 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 issued its quarterly earnings results on Monday, April 23rd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.05. Bank of Hawaii had a net margin of 27.19% and a return on equity of 15.56%. The company had revenue of $162.99 million during the quarter, compared to analyst estimates of $160.91 million. During the same period last year, the business earned $1.20 EPS.
Several analysts recently commented on BOH shares. Zacks Investment Research downgraded shares of Bank of Hawaii from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, February 27th. Finally, Morgan Stanley dropped 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $90.92.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky raised its stake in Bank of Hawaii by 7.8% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 8,340 shares of the bank’s stock worth $715,000 after acquiring an additional 600 shares during the period. American International Group Inc. raised its stake in Bank of Hawaii by 0.7% during the 4th quarter. American International Group Inc. now owns 87,885 shares of the bank’s stock worth $7,532,000 after acquiring an additional 621 shares during the period. BB&T Securities LLC raised its stake in Bank of Hawaii by 5.4% during the 1st quarter. BB&T Securities LLC now owns 13,295 shares of the bank’s stock worth $1,104,000 after acquiring an additional 677 shares during the period. Flinton Capital Management LLC raised its stake in Bank of Hawaii by 14.6% during the 4th quarter. Flinton Capital Management LLC now owns 5,712 shares of the bank’s stock worth $490,000 after acquiring an additional 728 shares during the period. Finally, Blair William & Co. IL raised its stake in Bank of Hawaii by 20.4% during the 1st quarter. Blair William & Co. IL now owns 5,049 shares of the bank’s stock worth $420,000 after acquiring an additional 854 shares during the period. Institutional investors own 77.37% of the company’s stock.
Shares of BOH stock opened at $84.94 on Monday. Bank of Hawaii has a one year low of $74.72 and a one year high of $89.09. The stock has a market cap of $3.59 billion, a P/E ratio of 19.26, a PEG ratio of 1.90 and a beta of 0.82. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.60 per share. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 47.17%.
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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