Bank of Hawaii Corp. (NYSE:BOH) – Stock analysts at Jefferies Group raised their Q3 2016 earnings per share (EPS) estimates for Bank of Hawaii Corp. in a research report issued to clients and investors on Friday. Jefferies Group analyst C. Haire now expects that the brokerage will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.97. Jefferies Group also issued estimates for Bank of Hawaii Corp.’s FY2016 earnings at $4.17 EPS and FY2018 earnings at $4.30 EPS.
BOH has been the topic of several other reports. Piper Jaffray Cos. assumed coverage on Bank of Hawaii Corp. in a report on Friday, July 8th. They set a “neutral” rating and a $70.00 price objective on the stock. Zacks Investment Research lowered Bank of Hawaii Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. DA Davidson increased their price target on Bank of Hawaii Corp. from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, July 26th. Barclays PLC restated an “equal weight” rating and set a $66.00 price target on shares of Bank of Hawaii Corp. in a report on Tuesday, July 26th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $72.00 price target (up previously from $68.00) on shares of Bank of Hawaii Corp. in a report on Tuesday, July 26th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $70.00.
Bank of Hawaii Corp. (NYSE:BOH) opened at 74.41 on Monday. Bank of Hawaii Corp. has a 1-year low of $54.55 and a 1-year high of $74.69. The firm’s 50 day moving average is $71.83 and its 200 day moving average is $69.59. The stock has a market capitalization of $3.19 billion, a P/E ratio of 18.75 and a beta of 0.99.
Bank of Hawaii Corp. (NYSE:BOH) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.93 by $0.10. The firm had revenue of $150.10 million for the quarter, compared to the consensus estimate of $149.13 million. Bank of Hawaii Corp. had a net margin of 26.96% and a return on equity of 15.21%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.48 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.92 dividend on an annualized basis and a yield of 2.58%. Bank of Hawaii Corp.’s payout ratio is 48.36%.
Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Bank of Hawaii Corp. by 77.6% in the second quarter. Victory Capital Management Inc. now owns 1,717 shares of the company’s stock worth $118,000 after buying an additional 750 shares during the last quarter. Advisor Group Inc. purchased a new position in Bank of Hawaii Corp. during the second quarter worth about $140,000. Liberty Capital Management Inc. purchased a new position in Bank of Hawaii Corp. during the third quarter worth about $173,000. LS Investment Advisors LLC increased its position in Bank of Hawaii Corp. by 74.7% in the second quarter. LS Investment Advisors LLC now owns 2,579 shares of the company’s stock worth $177,000 after buying an additional 1,103 shares during the last quarter. Finally, Reliance Trust Co. of Delaware purchased a new position in Bank of Hawaii Corp. during the second quarter worth about $203,000. 76.08% of the stock is currently owned by institutional investors and hedge funds.
About Bank of Hawaii Corp.
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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