Wall Street analysts expect Bank of Hawaii Co. (NYSE:BOH – Get Rating) to report earnings of $1.37 per share for the current fiscal quarter, according to Zacks. Two analysts released earnings estimates for Bank of Hawaii, with estimates ranging from $1.30 to $1.42. Bank of Hawaii reported earnings per share of $1.68 in the same quarter last year, suggesting a negative 18.5% year-over-year growth rate. The company is expected to announce its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Bank of Hawaii to report annual earnings of $5.55 per share for the current fiscal year, with EPS estimates ranging from $5.45 to $5.65. For the next fiscal year, analysts expect the company to post earnings of $6.08 per share, with EPS estimates ranging from $5.85 to $6.25. Zacks EPS averages are an average based on a survey of research analysts who cover Bank of Hawaii.
Bank of Hawaii (NYSE:BOH – Get Rating) last released quarterly earnings data on Monday, April 25. The bank reported earnings per share (EPS) of $1.32 for the quarter, beating analysts’ consensus estimate of $1.19 by $0.13. Bank of Hawaii had a net margin of 35.44% and a return on equity of 17.99%. In the same quarter a year earlier, the company posted EPS of $1.50.
Separately, StockNews.com launched coverage on Bank of Hawaii shares in a Thursday, March 31 report. They issued a “hold” rating on the stock.
BOH stock opened at $74.82 on Friday. The stock has a market capitalization of $3.01 billion, a PE ratio of 12.33, a price-to-growth earnings ratio of 1.71 and a beta of 1.16. The company’s 50-day moving average is $81.15 and its 200-day moving average is $84.29. Bank of Hawaii has a 1-year low of $73.88 and a 1-year high of $95.95.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 14. Investors of record on Tuesday, May 31 will receive a dividend of $0.70. The ex-dividend date is Friday, May 27. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 3.74%. Bank of Hawaii’s dividend payout ratio is currently 46.13%.
Separately, CEO Peter S. Ho sold 5,500 shares of the company in a trade dated Thursday, February 10. The shares were sold at an average price of $87.86, for a total value of $483,230.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders hold 2.06% of the company’s shares.
Major investors have recently been buying and selling shares of the company. American Century Companies Inc. increased its stake in Bank of Hawaii by 34.6% in the fourth quarter. American Century Companies Inc. now owns 115,892 shares of the bank valued at $9,707,000 after buying an additional 29,804 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Bank of Hawaii by 9.0% in the third quarter. The Manufacturers Life Insurance Company now owns 54,062 shares of the bank valued at $4,442,000 after purchasing an additional 4,467 shares during the period. Voya Financial Advisors Inc. increased its stake in Bank of Hawaii by 6.4% in the third quarter. Voya Financial Advisors Inc. now owns 3,983 shares of the bank valued at $333,000 after purchasing an additional 240 shares during the period. Victory Capital Management Inc. increased its holdings in Bank of Hawaii by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,488,288 shares of the bank valued at $124,659,000 after purchasing an additional 6,540 shares during the period. Finally, Huntington National Bank increased its stake in Bank of Hawaii by 171.6% in the 4th quarter. National Bank Huntington now owns 2,716 shares of the bank valued at $228,000 after purchasing an additional 1,716 shares during the period. Hedge funds and other institutional investors hold 71.07% of the company’s shares.
About Bank of Hawaii (Get a rating)
Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which provides various financial products and services in Hawaii, Guam and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking and Treasury and Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; banking, investment, credit and trust services to individuals and families, and high net worth individuals; investment management; institutional investment advisory services to corporations, government entities and foundations; and brokerage offerings, including stocks, mutual funds, life insurance and annuity products.
Get a Free Copy of Zacks’ Research Report on Bank of Hawaii (BOH)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Bank of Hawaii right now?
Before you consider Bank of Hawaii, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Bank of Hawaii didn’t make the list.
While Bank of Hawaii currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here