Wall Street analysts expect Bank of Hawaii Co. (NYSE:BOH – Get Rating) to report revenue of $173.60 million for the current quarter, Zacks reports. Two analysts made estimates of Bank of Hawaii’s earnings, with the highest estimate of sales at $174.10 million and the lowest estimate at $173.09 million. Bank of Hawaii posted sales of $167.95 million in the same quarter last year, suggesting a positive year-over-year growth rate of 3.4%. The company is expected to release its next results on Monday, January 1.
On average, analysts expect Bank of Hawaii to report sales of $704.50 million for the current fiscal year, with estimates ranging from $702.20 to $706.80 million. For the next fiscal year, analysts expect the company to record sales of $763.60 million, with estimates ranging from $757.20 million to $770.00 million. Zacks Investment Research sell averages are an average average based on a survey of sell-side research analysts who track Bank of Hawaii.
Bank of Hawaii (NYSE:BOH – Get Rating) last reported quarterly results 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. The company posted revenue of $168.81 million for the quarter, versus analyst estimates of $169.30 million. Bank of Hawaii had a net margin of 35.44% and a return on equity of 17.99%. During the same period a year earlier, the company posted EPS of $1.50.
Separately, StockNews.com downgraded Bank of Hawaii shares from a “hold” to a “sell” rating in a Monday, May 23 research report.
In related news, CEO Peter S. Ho sold 5,500 shares of Bank of Hawaii in a trade that took place on Tuesday, May 10. The shares were sold at an average price of $74.51, for a total transaction of $409,805.00. Following the sale, the CEO now directly owns 244,681 shares of the company, valued at approximately $18,231,181.31. The transaction was disclosed in a filing with the SEC, accessible via this link. 2.06% of the shares are held by insiders of the company.
Several hedge funds and other institutional investors have recently changed their holdings in the company. Sei Investments Co. raised its position in Bank of Hawaii shares by 1.9% in the first quarter. Sei Investments Co. now owns 8,223 shares of the bank worth $724,000 after purchasing an additional 151 shares during the period. Cetera Investment Advisers raised its position in Bank of Hawaii shares by 3.6% in the third quarter. Cetera Investment Advisers now owns 4,491 shares of the bank worth $369,000 after purchasing an additional 155 shares during the period. Point72 Hong Kong Ltd increased its position in Bank of Hawaii shares by 27.9% during the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank valued at $60,000 after acquiring an additional 155 shares during the period. Advisor Group Holdings Inc. raised its position in Bank of Hawaii shares by 2.6% during the third quarter. Advisor Group Holdings Inc. now owns 6,652 shares of the bank valued at $547,000 after acquiring 169 additional shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in Bank of Hawaii shares by 5.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,405 shares of the bank valued at $286,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 71.07% of the company’s shares.
Bank of Hawaii shares opened at $79.38 on Tuesday. The company has a market capitalization of $3.20 billion, a PE ratio of 13.08, a growth price-earnings ratio of 1.79 and a beta of 1.16. The company’s 50-day moving average is $78.83 and its 200-day moving average is $83.14. Bank of Hawaii has a 1-year low of $73.00 and a 1-year high of $92.38.
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 per share. The ex-dividend date is Friday, May 27. This represents an annualized dividend of $2.80 and a yield of 3.53%. Bank of Hawaii’s dividend payout ratio is currently 46.13%.
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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