Bank of Hawaii Co. (BOH) Expected to Announce Quarterly Sales of $159.45 Million
Equities analysts expect Bank of Hawaii Co. (NYSE:BOH) to report sales of $159.45 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bank of Hawaii’s earnings, with estimates ranging from $154.7 million to $164.19 million. Bank of Hawaii reported sales of $159.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.1%. The company is expected to issue its next earnings report before the market opens on Monday, April 24th.
On average, analysts expect that Bank of Hawaii will report full-year sales of $159.45 million for the current fiscal year, with estimates ranging from $637.58 million to $653.16 million. For the next financial year, analysts forecast that the firm will report sales of $675.18 million per share, with estimates ranging from $663.54 million to $688.91 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 23rd. The bank reported $1.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.02. The firm earned $153.60 million during the quarter, compared to analysts’ expectations of $154.17 million. Bank of Hawaii had a net margin of 27.69% and a return on equity of 15.71%. During the same quarter in the prior year, the business earned $0.99 EPS.
Separately, Zacks Investment Research lowered shares of Bank of Hawaii from a “buy” rating to a “sell” rating in a research note on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $74.43.
In other news, Director Michael J. Chun sold 1,200 shares of Bank of Hawaii stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $85.07, for a total transaction of $102,084.00. Following the sale, the director now owns 24,046 shares in the company, valued at $2,045,593.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Mark Alan Rossi sold 30,000 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $88.29, for a total transaction of $2,648,700.00. Following the sale, the insider now owns 66,346 shares in the company, valued at approximately $5,857,688.34. The disclosure for this sale can be found here. Insiders have sold 104,995 shares of company stock worth $9,074,658 in the last quarter. Insiders own 2.52% of the company’s stock.
Several hedge funds have recently bought and sold shares of BOH. Tower Research Capital LLC TRC raised its stake in Bank of Hawaii by 38.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,492 shares of the bank’s stock worth $109,000 after buying an additional 413 shares in the last quarter. Creative Planning raised its stake in shares of Bank of Hawaii by 1,057.8% in the third quarter. Creative Planning now owns 1,563 shares of the bank’s stock worth $114,000 after buying an additional 1,428 shares during the period. United Capital Financial Advisers LLC bought a new stake in shares of Bank of Hawaii during the fourth quarter worth about $208,000. LS Investment Advisors LLC raised its stake in shares of Bank of Hawaii by 21.6% in the third quarter. LS Investment Advisors LLC now owns 3,135 shares of the bank’s stock worth $228,000 after buying an additional 556 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Bank of Hawaii by 9.0% in the third quarter. Pacer Advisors Inc. now owns 3,760 shares of the bank’s stock worth $273,000 after buying an additional 312 shares during the period. Institutional investors own 78.03% of the company’s stock.
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Shares of Bank of Hawaii (NYSE:BOH) traded down 0.82% during mid-day trading on Friday, reaching $78.77. 60,861 shares of the company were exchanged. Bank of Hawaii has a 12 month low of $64.96 and a 12 month high of $90.80. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 18.62 and a beta of 0.92. The company’s 50-day moving average is $82.20 and its 200 day moving average is $82.75.
About Bank of Hawaii
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 products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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