Bank of Hawaii (NYSE:BOH) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Bank of Hawaii (NYSE:BOH – Get Free Report) released its quarterly earnings results on Monday. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.46 by $0.01, RTT News reports. The company had revenue of $196.90 million during the quarter, compared to analyst estimates of $199.51 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same quarter last year, the business posted $1.06 earnings per share.

Bank of Hawaii Stock Performance

Shares of NYSE BOH opened at $84.12 on Monday. Bank of Hawaii has a 12 month low of $59.36 and a 12 month high of $86.31. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.89 and a beta of 0.70. The company has a 50 day simple moving average of $80.09 and a two-hundred day simple moving average of $77.28.

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Institutional Trading of Bank of Hawaii

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP grew its holdings in shares of Bank of Hawaii by 1,497.2% in the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after purchasing an additional 539 shares during the period. Strs Ohio acquired a new position in shares of Bank of Hawaii in the first quarter worth $41,000. EverSource Wealth Advisors LLC raised its position in Bank of Hawaii by 461.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after purchasing an additional 512 shares in the last quarter. State of Wyoming grew its position in shares of Bank of Hawaii by 8,220.0% during the second quarter. State of Wyoming now owns 832 shares of the bank’s stock worth $56,000 after buying an additional 822 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Bank of Hawaii during the third quarter worth approximately $63,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BOH shares. Barclays raised their price target on Bank of Hawaii from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Stephens lifted their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Hawaii presently has an average rating of “Hold” and an average price target of $85.80.

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Bank of Hawaii Company Profile

(Get Free Report)

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.

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