Brokers Set Expectations for Bank of Hawaii Corporation’s FY2019 Earnings (BOH)

Bank of Hawaii Corporation (NYSE:BOH) – Jefferies Group issued their FY2019 EPS estimates for shares of Bank of Hawaii Corporation in a report released on Monday. Jefferies Group analyst C. Haire anticipates that the bank will post earnings per share of $4.90 for the year. Jefferies Group has a “Hold” rating and a $92.00 price target on the stock.

Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The firm had revenue of $157.52 million during the quarter, compared to analyst estimates of $157.76 million. During the same quarter last year, the business earned $1.03 EPS. ILLEGAL ACTIVITY WARNING: This piece was posted by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.thestockobserver.com/2017/10/12/brokers-set-expectations-for-bank-of-hawaii-corporations-fy2019-earnings-boh.html.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley reissued an “underweight” rating and set a $77.00 price objective (up previously from $75.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 4th. BidaskClub lowered Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies reissued a “hold” rating and set a $94.00 price objective on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Finally, Barclays PLC increased their price objective on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $88.60.

Bank of Hawaii Corporation (NYSE:BOH) traded down 0.88% on Tuesday, reaching $83.44. 96,481 shares of the company’s stock traded hands. The firm has a market cap of $3.56 billion, a PE ratio of 19.50 and a beta of 0.99. The firm’s 50-day moving average is $80.48 and its 200 day moving average is $81.03. Bank of Hawaii Corporation has a 12 month low of $71.78 and a 12 month high of $90.80.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Tuesday, August 29th. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. Bank of Hawaii Corporation’s dividend payout ratio is currently 48.48%.

In related news, insider Donna A. Tanoue sold 4,050 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the transaction, the insider now owns 9,969 shares in the company, valued at $759,139.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Donna A. Tanoue sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total value of $461,280.00. Following the transaction, the insider now owns 9,969 shares of the company’s stock, valued at approximately $766,416.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,235 shares of company stock valued at $860,767. 2.16% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Crestwood Advisors Group LLC raised its holdings in shares of Bank of Hawaii Corporation by 0.6% during the second quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after acquiring an additional 14 shares in the last quarter. World Asset Management Inc raised its holdings in shares of Bank of Hawaii Corporation by 1.4% during the second quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock valued at $221,000 after acquiring an additional 36 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Bank of Hawaii Corporation during the first quarter valued at approximately $234,000. Shelton Capital Management bought a new position in shares of Bank of Hawaii Corporation during the second quarter valued at approximately $269,000. Finally, LS Investment Advisors LLC raised its holdings in shares of Bank of Hawaii Corporation by 17.0% during the second quarter. LS Investment Advisors LLC now owns 3,357 shares of the bank’s stock valued at $279,000 after acquiring an additional 488 shares in the last quarter. Institutional investors own 75.61% of the company’s stock.

Bank of Hawaii Corporation Company Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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

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