Bank of Hawaii Corporation (NYSE:BOH) – Investment analysts at Jefferies Group lowered their Q3 2017 EPS estimates for Bank of Hawaii Corporation in a research note issued on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will earn $1.04 per share for the quarter, down from their previous forecast of $1.05. Jefferies Group has a “Hold” rating and a $92.00 price target on the stock. Jefferies Group also issued estimates for Bank of Hawaii Corporation’s Q4 2017 earnings at $1.04 EPS, FY2017 earnings at $4.33 EPS, Q1 2018 earnings at $1.07 EPS, Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.22 EPS and FY2018 earnings at $4.65 EPS.

Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings data on Monday, July 24th. The bank reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The business had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. During the same period last year, the business posted $1.03 earnings per share. WARNING: “Q3 2017 Earnings Forecast for Bank of Hawaii Corporation Issued By Jefferies Group (BOH)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/q3-2017-earnings-forecast-for-bank-of-hawaii-corporation-issued-by-jefferies-group-boh/1627490.html.

Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays PLC reissued an “equal weight” rating and set a $83.00 target price (up from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. Piper Jaffray Companies reissued a “hold” rating and set a $94.00 target price on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Finally, Morgan Stanley reissued an “underweight” rating and set a $77.00 target price (up from $75.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Bank of Hawaii Corporation currently has an average rating of “Hold” and an average target price of $88.60.

Shares of Bank of Hawaii Corporation (NYSE BOH) opened at 83.44 on Wednesday. The company’s 50 day moving average is $80.60 and its 200-day moving average is $81.04. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 19.50 and a beta of 0.99. Bank of Hawaii Corporation has a one year low of $72.57 and a one year high of $90.80.

Several institutional investors have recently added to or reduced their stakes in BOH. Crestwood Advisors Group LLC lifted its stake in shares of Bank of Hawaii Corporation by 0.6% in the second quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after buying an additional 14 shares in the last quarter. World Asset Management Inc lifted its stake in shares of Bank of Hawaii Corporation by 1.4% in the second quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock valued at $221,000 after buying an additional 36 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Bank of Hawaii Corporation in the first quarter valued at $234,000. Shelton Capital Management bought a new position in shares of Bank of Hawaii Corporation in the second quarter valued at $269,000. Finally, LS Investment Advisors LLC raised its holdings in shares of Bank of Hawaii Corporation by 17.0% in the second quarter. LS Investment Advisors LLC now owns 3,357 shares of the bank’s stock valued at $279,000 after purchasing an additional 488 shares during the last quarter. 75.61% of the stock is currently owned by hedge funds and other institutional investors.

In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total value of $461,280.00. Following the transaction, the insider now directly owns 9,969 shares of the company’s stock, valued at $766,416.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donna A. Tanoue sold 4,050 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the transaction, the insider now directly owns 9,969 shares in the company, valued at $759,139.35. The disclosure for this sale can be found here. Insiders sold 11,235 shares of company stock worth $860,767 over the last ninety days. Insiders own 2.16% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.49%. This is a positive change from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 29th. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is 48.48%.

Bank of Hawaii Corporation Company Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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

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