Equities research analysts expect that Bank of Hawaii Co. (NYSE:BOH) will announce $166.66 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Bank of Hawaii’s earnings, with estimates ranging from $165.70 million to $167.61 million. Bank of Hawaii posted sales of $162.99 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The business is scheduled to issue its next quarterly earnings results on Monday, April 22nd.
According to Zacks, analysts expect that Bank of Hawaii will report full-year sales of $681.93 million for the current financial year, with estimates ranging from $676.50 million to $684.74 million. For the next fiscal year, analysts expect that the business will report sales of $707.41 million, with estimates ranging from $698.10 million to $714.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Bank of Hawaii.
Get Bank of Hawaii alerts:Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, January 28th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.06). The company had revenue of $166.08 million during the quarter, compared to analysts’ expectations of $166.16 million. Bank of Hawaii had a return on equity of 17.53% and a net margin of 30.54%. During the same period last year, the company earned $1.01 earnings per share.
BOH has been the subject of a number of research analyst reports. ValuEngine raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Zacks Investment Research lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Barclays reissued a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii in a research report on Friday, January 11th. Finally, Morgan Stanley reduced their price target on shares of Bank of Hawaii from $84.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $87.50.
In related news, Director Barbara J. Tanabe sold 500 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $80.00, for a total value of $40,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.04% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new position in Bank of Hawaii in the second quarter worth approximately $100,000. ETF Managers Group LLC grew its holdings in Bank of Hawaii by 18.2% during the fourth quarter. ETF Managers Group LLC now owns 1,602 shares of the bank’s stock valued at $108,000 after purchasing an additional 247 shares during the last quarter. TLP Group LLC acquired a new position in Bank of Hawaii during the third quarter valued at approximately $116,000. Columbia Asset Management acquired a new position in Bank of Hawaii during the third quarter valued at approximately $118,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bank of Hawaii by 12.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,034 shares of the bank’s stock valued at $204,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 76.13% of the company’s stock.
Shares of NYSE BOH traded up $1.11 during mid-day trading on Friday, reaching $78.44. The company had a trading volume of 201,117 shares, compared to its average volume of 302,997. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.70 and a quick ratio of 0.68. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. Bank of Hawaii has a 12-month low of $63.64 and a 12-month high of $88.92.
Bank of Hawaii declared that its board has approved a share repurchase program on Monday, January 28th that permits the company to repurchase $130.00 million in outstanding shares. This repurchase authorization permits the bank to buy up to 4.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 28th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $2.48 dividend on an annualized basis and a yield of 3.16%. Bank of Hawaii’s dividend payout ratio is currently 47.42%.
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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