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Bank of Hawaii Co. (NYSE:BOH – Get Rating) – Analysts at Jefferies Financial Group lowered their Q1 2023 EPS estimates for Bank of Hawaii shares in a research report published on Wednesday, January 25. Jefferies Financial Group analyst C. Haire now forecasts that the bank will report earnings per share of $0.98 for the quarter, down from its previous guidance of $1.10. The consensus estimate for Bank of Hawaii’s current full-year earnings is $4.97 per share. Jefferies Financial Group also released estimates for Bank of Hawaii’s second-quarter 2023 earnings of $1.09 per share, third-quarter 2023 earnings of $1.07 per share, fiscal 2023 earnings of $4.20 per share and from $4.60 per share in fiscal 2024.
The Bank of Hawaii (NYSE:BOH – Get Rating) last released its earnings results on Monday, January 23rd. The bank reported earnings per share of $1.50 for the quarter, beating analysts’ consensus estimate of $1.42 by $0.08. The company had revenue of $213.49 million for the quarter, compared to the consensus estimate of $181.09 million. Bank of Hawaii had a 29.91% net margin and a 19.31% return on equity. In the same quarter last year, the company posted $1.55 per share.
A number of other research analysts also recently commented on the stock. Compass Point downgraded shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and set a price target of $71.00 for the stock. in a research paper on Tuesday, January 24. StockNews.com downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, December 6th. Finally, DA Davidson lowered its price target on Bank of Hawaii shares to $76.00 from $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 25.
Bank of Hawaii trading up 1.2%
NYSE BOH opened at $75.61 on Monday. The company has a debt to equity ratio of 0.36, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-to-growth ratio of 1.85 and a beta of 1.01. The company’s 50-day simple moving average is $78.12 and its 200-day simple moving average is $78.26. The Bank of Hawaii has a yearly low of $70.15 and a yearly high of $89.24.
Bank of Hawaii institutional trading
A number of institutional investors have been buying and selling shares of the stock recently. Hendershot Investments Inc. increased its holding in Bank of Hawaii by 6.0% during the fourth quarter. Hendershot Investments Inc. now owns 151,363 shares of the bank, valued at $11,740,000, after purchasing an additional 8,569 shares last quarter. Xponance Inc. increased its stake in Bank of Hawaii by 11.9% in the fourth quarter. Xponance Inc. now owns 5,276 shares of the bank, valued at $409,000, having purchased an additional 559 shares during the period. Boston Trust Walden Corp increased its stake in Bank of Hawaii by 15.7% in the fourth quarter. Boston Trust Walden Corp now owns 667,285 shares of the bank, valued at $51,755,000, having purchased an additional 90,523 shares during the period. Congress Asset Management Co. MA acquired a new interest in Bank of Hawaii valued at approximately $3,363,000 during the fourth quarter. Finally, Ronald Blue Trust Inc. increased its stake in Bank of Hawaii by 128.9% during the fourth quarter. Ronald Blue Trust Inc. now owns 698 shares of the bank, valued at $53,000, having purchased an additional 393 shares during the period. 74.29% of the shares are currently owned by institutional investors and hedge funds.
Insider buying and selling
In related news, CEO Peter S. Ho sold 5,500 shares of Bank of Hawaii stock in a transaction that took place on Thursday, November 10th. The shares sold at an average price of $79.30 for a total value of $436,150.00. Upon completion of the sale, the Chief Executive Officer now directly owns 233,681 shares of the Company, valued at approximately $18,530,903.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. 2.06% of the shares are owned by company insiders.
Bank of Hawaii announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Tuesday, February 28 will receive a dividend of $0.70. That equates to an annual dividend of $2.80 and a yield of 3.70%. The ex-dividend date of this dividend is Monday February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 51.09%.
Bank of Hawaii Company Profile
(received rating)
The Bank of Hawaii Corp. is a bank holding company providing 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 provides financial products and services to consumers and small businesses.
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