Equities analysts expect Bank of Hawaii Co. (NYSE:BOH) to announce sales of $170.07 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bank of Hawaii’s earnings, with the lowest sales estimate coming in at $169.13 million and the highest estimate coming in at $171.00 million. Bank of Hawaii posted sales of $164.76 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The business is expected to announce its next earnings report before the market opens on Monday, January 24th.
According to Zacks, analysts expect that Bank of Hawaii will report full-year sales of $669.73 million for the current fiscal year, with estimates ranging from $668.85 million to $670.60 million. For the next fiscal year, analysts anticipate that the business will report sales of $676.94 million, with estimates ranging from $674.38 million to $679.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Sunday, October 24th. The bank reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.19. Bank of Hawaii had a net margin of 33.28% and a return on equity of 16.69%. The company had revenue of $168.20 million during the quarter, compared to analyst estimates of $167.36 million. During the same period in the prior year, the firm earned $0.95 earnings per share.
Bank of Hawaii stock traded up $0.33 during mid-day trading on Friday, hitting $91.88. 126,083 shares of the company were exchanged, compared to its average volume of 171,628. Bank of Hawaii has a 1-year low of $75.68 and a 1-year high of $99.10. The company has a market capitalization of $3.70 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The business has a fifty day moving average of $85.13 and a 200 day moving average of $83.96.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 14th. Investors of record on Tuesday, November 30th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.05%. Bank of Hawaii’s dividend payout ratio is presently 48.61%.
In other Bank of Hawaii news, Vice Chairman Sharon M. Crofts sold 2,642 shares of the firm’s stock in a transaction dated Thursday, October 28th. The shares were sold at an average price of $84.44, for a total value of $223,090.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.02% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BOH. Vanguard Group Inc. grew its position in shares of Bank of Hawaii by 2.7% during the second quarter. Vanguard Group Inc. now owns 3,860,667 shares of the bank’s stock worth $325,146,000 after acquiring an additional 102,251 shares during the last quarter. BlackRock Inc. lifted its position in Bank of Hawaii by 1.3% in the third quarter. BlackRock Inc. now owns 3,786,816 shares of the bank’s stock worth $311,163,000 after purchasing an additional 46,857 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in Bank of Hawaii by 12.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,726,821 shares of the bank’s stock worth $229,654,000 after acquiring an additional 311,942 shares in the last quarter. State Street Corp increased its stake in shares of Bank of Hawaii by 9.8% in the second quarter. State Street Corp now owns 1,974,260 shares of the bank’s stock valued at $166,272,000 after buying an additional 175,527 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Bank of Hawaii by 4.6% in the third quarter. Victory Capital Management Inc. now owns 1,481,748 shares of the bank’s stock worth $121,755,000 after purchasing an additional 65,355 shares during the period. 71.49% of the stock is currently owned by institutional investors and hedge funds.
About Bank of Hawaii
Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.
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