Bank of Hawaii (NYSE:BOH) Posts Earnings Results, Beats Estimates By $0.01 EPS

Bank of Hawaii (NYSE:BOH) issued its quarterly earnings data on Monday. The bank reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01, RTT News reports. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same period in the prior year, the business earned $1.06 earnings per share.

Bank of Hawaii Stock Performance

Shares of BOH opened at $84.12 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $80.09 and its two-hundred day moving average is $77.28. Bank of Hawaii has a 52-week low of $59.36 and a 52-week high of $86.31. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.89 and a beta of 0.70.

Analyst Ratings Changes

BOH has been the subject of several research analyst reports. Stephens upped their price target on shares of Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research downgraded shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Barclays upped their price objective on Bank of Hawaii from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.80.

Hedge Funds Weigh In On Bank of Hawaii

Several hedge funds have recently made changes to their positions in BOH. Corient Private Wealth LLC increased its holdings in shares of Bank of Hawaii by 16.8% in the 4th quarter. Corient Private Wealth LLC now owns 35,149 shares of the bank’s stock valued at $2,273,000 after purchasing an additional 5,053 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Bank of Hawaii by 36.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,409 shares of the bank’s stock worth $575,000 after buying an additional 2,243 shares in the last quarter. Man Group plc acquired a new position in Bank of Hawaii in the fourth quarter valued at about $271,000. Engineers Gate Manager LP raised its holdings in shares of Bank of Hawaii by 92.8% in the fourth quarter. Engineers Gate Manager LP now owns 21,104 shares of the bank’s stock valued at $1,443,000 after buying an additional 10,159 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC boosted its position in Bank of Hawaii by 1,416.4% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 101,600 shares of the bank’s stock valued at $6,946,000 after buying an additional 94,900 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.