Bank of Hawaii Co. (NYSE:BOH) Forecasted to Post Q2 2024 Earnings of $0.87 Per Share

Bank of Hawaii Co. (NYSE:BOH) – DA Davidson issued their Q2 2024 earnings per share estimates for Bank of Hawaii in a note issued to investors on Tuesday, April 23rd. DA Davidson analyst J. Rulis anticipates that the bank will post earnings per share of $0.87 for the quarter. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.72 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2024 earnings at $3.50 EPS and FY2025 earnings at $3.70 EPS.

Other research analysts have also recently issued reports about the company. Barclays reduced their price objective on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday. Piper Sandler reduced their price objective on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a research note on Tuesday. StockNews.com raised Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group cut their target price on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $52.20.

Bank of Hawaii Stock Up 0.8 %

Shares of NYSE:BOH opened at $58.66 on Wednesday. The stock’s 50-day moving average price is $60.37 and its 200-day moving average price is $60.80. Bank of Hawaii has a 12-month low of $30.83 and a 12-month high of $75.19. The stock has a market capitalization of $2.33 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The company had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. During the same period last year, the business posted $1.14 earnings per share.

Institutional Trading of Bank of Hawaii

Several large investors have recently bought and sold shares of BOH. Victory Capital Management Inc. boosted its position in Bank of Hawaii by 28.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock valued at $131,789,000 after acquiring an additional 590,492 shares in the last quarter. Norges Bank bought a new stake in Bank of Hawaii during the 4th quarter valued at approximately $29,508,000. Newport Trust Company LLC bought a new stake in Bank of Hawaii during the 3rd quarter valued at approximately $20,170,000. Goldman Sachs Group Inc. boosted its position in Bank of Hawaii by 105.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock valued at $32,718,000 after acquiring an additional 231,909 shares in the last quarter. Finally, North Reef Capital Management LP bought a new stake in Bank of Hawaii during the 3rd quarter valued at approximately $8,479,000. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Dividend Announcement

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 dividend of $0.70 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.77%. Bank of Hawaii’s payout ratio is 72.16%.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that 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 Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.