Wall Street analysts expect Bank of Hawaii Co. (NYSE:BOH – Get a 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 a rating) last released its 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 a hedge 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%.
In related news, CEO Peter S. Ho sold 5,500 shares of the company in a transaction 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 an SEC filing, 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 holdings 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.
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