Zacks Research Predicts Weaker Earnings for Bank of Hawaii

Bank of Hawaii Corporation (NYSE:BOH) – Investment analysts at Zacks Research cut their Q1 2028 earnings per share estimates for Bank of Hawaii in a research note issued on Friday, August 28th. Zacks Research analyst Team now expects that the bank will earn $1.43 per share for the quarter, down from their prior estimate of $1.44. The consensus estimate for Bank of Hawaii’s current full-year earnings is $5.91 per share.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, July 27th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The firm had revenue of $196.90 million for the quarter, compared to analysts’ expectations of $199.51 million. During the same quarter in the previous year, the business posted $1.06 EPS.

BOH has been the subject of a number of other reports. Benchmark reissued a “hold” rating on shares of Bank of Hawaii in a research report on Tuesday, July 28th. DA Davidson upped their price objective on shares of Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Barclays decreased their target price on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods lowered their target price on shares of Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Finally, Stephens cut Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Bank of Hawaii presently has an average rating of “Hold” and a consensus price target of $85.00.

Bank of Hawaii Stock Down 1.7%

NYSE:BOH opened at $75.98 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The firm’s 50-day moving average price is $80.75 and its 200-day moving average price is $78.26. The company has a market capitalization of $3.00 billion, a PE ratio of 14.18, a P/E/G ratio of 0.88 and a beta of 0.71. Bank of Hawaii has a 1-year low of $59.36 and a 1-year high of $86.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Bank of Hawaii by 16.4% during the first quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock valued at $1,808,000 after acquiring an additional 3,689 shares in the last quarter. AQR Capital Management LLC lifted its position in Bank of Hawaii by 177.5% in the 1st quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock valued at $1,617,000 after acquiring an additional 15,234 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Bank of Hawaii by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock valued at $1,605,000 after acquiring an additional 1,027 shares in the last quarter. Intech Investment Management LLC boosted its stake in Bank of Hawaii by 35.8% during the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock valued at $1,366,000 after purchasing an additional 5,227 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Bank of Hawaii during the 1st quarter valued at $41,000. Institutional investors own 82.18% of the company’s stock.

Insider Transactions at Bank of Hawaii

In related news, insider Marco A. Abbruzzese sold 2,441 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.97% of the stock is currently owned by insiders.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.70 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. Bank of Hawaii’s payout ratio is presently 52.24%.

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.