Analysts expect Bank of Hawaii Co. (NYSE:BOH) to post earnings of $1.39 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided 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 during the same quarter last year, which suggests a positive year-over-year growth rate of 31.1%. The firm is expected to announce its next quarterly 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 financial 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 Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Sunday, October 24th. The bank reported $1.52 EPS for the quarter, beating the consensus estimate of $1.33 by $0.19. Bank of Hawaii had a return on equity of 16.69% and a net margin of 33.28%. The business had revenue of $168.20 million for the quarter, compared to the consensus estimate of $167.36 million. During the same quarter in the prior year, the business earned $0.95 earnings per share.
Bank of Hawaii stock traded down $0.64 during trading on Thursday, hitting $86.77. The stock had a trading volume of 72,966 shares, compared to its average volume of 217,104. Bank of Hawaii has a 1 year low of $74.76 and a 1 year high of $99.10. The stock’s 50 day moving average is $84.27 and its two-hundred day moving average is $85.04. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 14th. Shareholders of record on Tuesday, November 30th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. Bank of Hawaii’s dividend payout ratio is currently 48.61%.
In other news, Vice Chairman Sharon M. Crofts sold 2,642 shares of the company’s stock in a transaction on Thursday, October 28th. The shares were sold at an average price of $84.44, for a total value of $223,090.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dean Y. Shigemura sold 5,834 shares of the company’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $84.79, for a total transaction of $494,664.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,809 shares of company stock worth $3,417,489. Company insiders own 2.02% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. West Branch Capital LLC bought a new position in Bank of Hawaii in the second quarter valued at $25,000. Pflug Koory LLC bought a new position in Bank of Hawaii in the second quarter valued at $42,000. Advisory Services Network LLC bought a new position in Bank of Hawaii in the second quarter valued at $46,000. Eagle Bay Advisors LLC increased its stake in Bank of Hawaii by 59,200.0% in the third quarter. Eagle Bay Advisors LLC now owns 593 shares of the bank’s stock valued at $49,000 after acquiring an additional 592 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Bank of Hawaii in the second quarter valued at $101,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.
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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