Bank of Hawaii (NYSE:BOH) – Research analysts at Jefferies Group boosted their Q1 2018 earnings estimates for shares of Bank of Hawaii in a research report issued on Wednesday, April 4th. Jefferies Group analyst C. Haire now anticipates that the bank will earn $1.20 per share for the quarter, up from their previous forecast of $1.19. Jefferies Group also issued estimates for Bank of Hawaii’s FY2018 earnings at $5.25 EPS and FY2019 earnings at $5.65 EPS.
Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.08). Bank of Hawaii had a net margin of 26.80% and a return on equity of 15.48%. The company had revenue of $160.63 million during the quarter, compared to the consensus estimate of $162.90 million. During the same period last year, the firm posted $1.02 earnings per share.
BOH opened at $81.52 on Friday. Bank of Hawaii has a 1-year low of $74.72 and a 1-year high of $89.09. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3,517.64, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.88 and a beta of 0.80.
Several large investors have recently bought and sold shares of BOH. New York State Common Retirement Fund increased its position in shares of Bank of Hawaii by 2.7% during the third quarter. New York State Common Retirement Fund now owns 94,500 shares of the bank’s stock worth $7,878,000 after acquiring an additional 2,500 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Bank of Hawaii by 0.9% during the third quarter. Ameriprise Financial Inc. now owns 126,222 shares of the bank’s stock worth $10,522,000 after acquiring an additional 1,168 shares in the last quarter. Legal & General Group Plc increased its position in shares of Bank of Hawaii by 9.6% during the third quarter. Legal & General Group Plc now owns 52,082 shares of the bank’s stock worth $4,342,000 after acquiring an additional 4,570 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Bank of Hawaii by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 375,605 shares of the bank’s stock worth $31,239,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Bank of Hawaii during the third quarter worth about $240,000. 75.99% of the stock is owned by institutional investors.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Tuesday, February 27th. Bank of Hawaii’s payout ratio is presently 47.17%.
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About Bank of Hawaii
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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