Bank of Hawaii (NYSE:BOH – Get Rating) is expected to release earnings data ahead of market open Monday, July 25. Analysts expect Bank of Hawaii to post earnings of $1.38 per share for the quarter. Parties wishing to listen to the company’s conference call may do so using this link.
Bank of Hawaii (NYSE:BOH – Get Rating) last reported quarterly earnings data on Monday, April 25. The bank reported earnings per share (EPS) of $1.32 for the quarter, beating the consensus estimate of $1.22 by $0.10. Bank of Hawaii had a net margin of 35.44% and a return on equity of 17.99%. The company posted revenue of $168.81 million in the quarter, compared to $169.30 million expected by analysts. During the same period of the previous year, the company achieved EPS of $1.50. On average, analysts expect Bank of Hawaii to post EPS of $6 for the current fiscal year and EPS of $6 for the next fiscal year.
Bank of Hawaii supplies 2.8%
NYSE BOH shares opened at $73.70 on Monday. Bank of Hawaii has a 52-week low of $70.89 and a 52-week high of $92.38. The company has a fifty-day moving average of $75.74 and a 200-day moving average of $81.19. The stock has a market capitalization of $2.97 billion, a PE ratio of 12.14, a P/E/G ratio of 1.67 and a beta of 1.13.
Bank of Hawaii Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 14. Investors of record on Tuesday, May 31 received a dividend of $0.70 per share. The ex-dividend date was Friday, May 27. This represents an annualized dividend of $2.80 and a dividend yield of 3.80%. Bank of Hawaii’s payout ratio is currently 46.13%.
Insider activity at Bank of Hawaii
In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the company in a trade dated Tuesday, May 10. The shares were sold at an average price of $74.51, for a total value of $409,805.00. Following completion of the transaction, the CEO now directly owns 244,681 shares of the company, valued at $18,231,181.31. The sale was disclosed in a filing with the SEC, accessible via this link. 2.06% of the shares are currently held by company insiders.
Hedge funds weigh on Bank of Hawaii
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Bank of Hawaii by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,877,869 shares of the bank worth $325,431,000 after buying 36,389 additional shares last quarter. State Street Corp increased its holdings of Bank of Hawaii shares 10.9% in the first quarter. State Street Corp now owns 1,777,119 shares of the bank valued at $149,136,000 after buying an additional 174,889 shares last quarter. Charles Schwab Investment Management Inc. increased its holdings of Bank of Hawaii shares 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 770,983 shares of the bank valued at $64,701,000 after buying an additional 55,707 shares last quarter. Northern Trust Corp increased its stake in Bank of Hawaii by 25.8% in the first quarter. Northern Trust Corp now owns 447,658 shares of the bank worth $37,568,000 after acquiring an additional 91,791 shares during the period. Finally, First Republic Investment Management Inc. increased its stake in Bank of Hawaii by 2.5% in the 1st quarter. First Republic Investment Management Inc. now owns 116,588 shares of the bank worth $9,784,000 after acquiring 2,843 additional shares during the period. Institutional investors hold 71.07% of the company’s shares.
Analyst upgrades and downgrades
A number of equity research analysts have weighed in on the company. Jefferies Financial Group lowered its price target on Bank of Hawaii from $87.00 to $79.00 in a Monday, July 11 research note. StockNews.com downgraded the Bank of Hawaii from a “hold” rating to a “sell” rating in a Monday, May 23 research report.
Bank of Hawaii Corporate Profile
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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 private and international clients 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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