Equities research analysts forecast that Bank of Hawaii Co. (NYSE:BOH) will announce $1.36 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Bank of Hawaii’s earnings, with the highest EPS estimate coming in at $1.41 and the lowest estimate coming in at $1.30. Bank of Hawaii posted earnings of $1.28 per share in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The firm is scheduled to issue its next earnings results before the market opens on Monday, April 22nd.

According to Zacks, analysts expect that Bank of Hawaii will report full-year earnings of $5.59 per share for the current financial year, with EPS estimates ranging from $5.50 to $5.75. For the next year, analysts anticipate that the company will post earnings of $5.77 per share, with EPS estimates ranging from $5.60 to $6.00. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Bank of Hawaii.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, January 28th. The bank reported $1.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.06). Bank of Hawaii had a return on equity of 17.53% and a net margin of 30.54%. The business had revenue of $166.08 million during the quarter, compared to analysts’ expectations of $166.16 million. During the same period last year, the business earned $1.01 earnings per share.

A number of research firms have weighed in on BOH. Zacks Investment Research raised shares of Bank of Hawaii from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, March 12th. ValuEngine raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Morgan Stanley decreased their target price on shares of Bank of Hawaii from $84.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 11th. Finally, Barclays reissued a “hold” rating and issued a $85.00 target price on shares of Bank of Hawaii in a research note on Friday, January 11th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $86.50.

In other news, Vice Chairman Sharon M. Crofts sold 5,833 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $79.62, for a total transaction of $464,423.46. Following the completion of the sale, the insider now owns 48,778 shares in the company, valued at approximately $3,883,704.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.13% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BOH. Norges Bank acquired a new stake in shares of Bank of Hawaii during the 4th quarter worth approximately $27,958,000. FMR LLC increased its holdings in Bank of Hawaii by 52,179.8% in the 4th quarter. FMR LLC now owns 337,205 shares of the bank’s stock valued at $22,700,000 after purchasing an additional 336,560 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Bank of Hawaii by 204.6% in the 3rd quarter. Janus Henderson Group PLC now owns 441,855 shares of the bank’s stock valued at $34,867,000 after purchasing an additional 296,779 shares during the last quarter. BlackRock Inc. increased its holdings in Bank of Hawaii by 2.9% in the 4th quarter. BlackRock Inc. now owns 4,930,583 shares of the bank’s stock valued at $331,928,000 after purchasing an additional 138,109 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in Bank of Hawaii by 3.3% in the 3rd quarter. Vanguard Group Inc now owns 3,977,421 shares of the bank’s stock valued at $313,859,000 after purchasing an additional 127,262 shares during the last quarter. Institutional investors and hedge funds own 75.81% of the company’s stock.

BOH traded up $0.43 during trading on Wednesday, reaching $80.28. The company’s stock had a trading volume of 196,234 shares, compared to its average volume of 251,578. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii has a 1 year low of $63.64 and a 1 year high of $88.92. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.93 and a beta of 0.87.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 28th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.09%. Bank of Hawaii’s dividend payout ratio is currently 47.42%.

Bank of Hawaii announced that its Board of Directors has initiated a share buyback program on Monday, January 28th that permits the company to buyback $130.00 million in shares. This buyback authorization permits the bank to reacquire up to 4.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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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Earnings History and Estimates for Bank of Hawaii (NYSE:BOH)

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