Bank of Hawaii Co. Forecasted to Post Q3 2024 Earnings of $0.85 Per Share (NYSE:BOH)

Bank of Hawaii Co. (NYSE:BOH) – Research analysts at DA Davidson reduced their Q3 2024 earnings per share estimates for shares of Bank of Hawaii in a report released on Thursday, October 3rd. DA Davidson analyst J. Rulis now expects that the bank will earn $0.85 per share for the quarter, down from their previous forecast of $0.88. DA Davidson currently has a “Neutral” rating and a $70.00 price target on the stock. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.40 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2024 earnings at $3.40 EPS.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The company had revenue of $255.62 million for the quarter, compared to analyst estimates of $157.12 million. During the same period last year, the business earned $1.12 EPS.

Several other analysts also recently commented on the company. Jefferies Financial Group raised their target price on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Piper Sandler cut Bank of Hawaii from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $70.00 to $61.00 in a research note on Monday, August 12th. Finally, Keefe, Bruyette & Woods raised Bank of Hawaii from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $60.00 to $67.00 in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.40.

Bank of Hawaii Trading Up 0.0 %

NYSE:BOH opened at $62.86 on Monday. The firm has a fifty day simple moving average of $64.60 and a two-hundred day simple moving average of $61.23. Bank of Hawaii has a 12 month low of $45.56 and a 12 month high of $75.19. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 16.20 and a beta of 1.05. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Bank of Hawaii by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock valued at $336,946,000 after buying an additional 87,919 shares during the period. Victory Capital Management Inc. increased its stake in shares of Bank of Hawaii by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock worth $93,533,000 after purchasing an additional 189,878 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bank of Hawaii by 14.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock worth $45,167,000 after purchasing an additional 98,465 shares during the last quarter. Swedbank AB raised its holdings in shares of Bank of Hawaii by 3.6% in the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank’s stock worth $41,477,000 after purchasing an additional 25,000 shares during the period. Finally, American Century Companies Inc. lifted its stake in Bank of Hawaii by 8.7% in the second quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock valued at $38,652,000 after purchasing an additional 54,078 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 2,364 shares of Bank of Hawaii stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $67.80, for a total transaction of $160,279.20. Following the transaction, the insider now directly owns 10,785 shares of the company’s stock, valued at $731,223. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.11% of the stock is currently owned by insiders.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.80 annualized dividend and a yield of 4.45%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 72.16%.

Bank of Hawaii Company Profile

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.