Equities research analysts expect Bank of Hawaii Co. (NYSE:BOH) to announce $167.85 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank of Hawaii’s earnings, with the highest sales estimate coming in at $167.90 million and the lowest estimate coming in at $167.79 million. Bank of Hawaii reported sales of $161.79 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The company is scheduled to announce its next earnings results on Monday, July 22nd.

According to Zacks, analysts expect that Bank of Hawaii will report full year sales of $678.12 million for the current financial year, with estimates ranging from $676.60 million to $679.64 million. For the next fiscal year, analysts anticipate that the business will report sales of $701.49 million, with estimates ranging from $689.80 million to $713.18 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Bank of Hawaii.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, April 22nd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.07. The firm had revenue of $168.52 million for the quarter, compared to analyst estimates of $166.51 million. Bank of Hawaii had a return on equity of 17.81% and a net margin of 30.64%. During the same quarter last year, the firm posted $1.28 EPS.

A number of analysts have commented on the company. Zacks Investment Research downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Compass Point downgraded Bank of Hawaii from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $83.00 to $82.00 in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Bank of Hawaii has an average rating of “Hold” and a consensus price target of $85.60.

In other Bank of Hawaii news, Vice Chairman James C. Polk sold 6,176 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $80.82, for a total value of $499,144.32. Following the completion of the sale, the insider now owns 31,291 shares in the company, valued at approximately $2,528,938.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.13% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Bank of Hawaii by 2.9% in the 4th quarter. BlackRock Inc. now owns 4,930,583 shares of the bank’s stock valued at $331,928,000 after purchasing an additional 138,109 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Bank of Hawaii by 3.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,278,295 shares of the bank’s stock valued at $100,819,000 after purchasing an additional 48,515 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Bank of Hawaii by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,057,779 shares of the bank’s stock valued at $71,209,000 after purchasing an additional 20,612 shares during the last quarter. Victory Capital Management Inc. raised its position in Bank of Hawaii by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,057,118 shares of the bank’s stock valued at $83,375,000 after purchasing an additional 21,525 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Bank of Hawaii by 2.1% in the 1st quarter. Janus Henderson Group PLC now owns 618,949 shares of the bank’s stock valued at $48,817,000 after purchasing an additional 12,763 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

BOH opened at $80.00 on Wednesday. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.89 and a beta of 0.89. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. Bank of Hawaii has a 12-month low of $63.64 and a 12-month high of $86.67.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.25%. This is an increase from Bank of Hawaii’s previous quarterly dividend of $0.62. Bank of Hawaii’s dividend payout ratio (DPR) is currently 49.71%.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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Earnings History and Estimates for Bank of Hawaii (NYSE:BOH)

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