Wall Street brokerages expect that Bank of Hawaii Co. (NYSE:BOH) will post $165.69 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Bank of Hawaii’s earnings. The highest sales estimate is $167.80 million and the lowest is $163.47 million. Bank of Hawaii posted sales of $158.73 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The firm is expected to issue its next earnings results before the market opens on Monday, October 22nd.

According to Zacks, analysts expect that Bank of Hawaii will report full year sales of $660.56 million for the current year, with estimates ranging from $653.29 million to $666.23 million. For the next fiscal year, analysts forecast that the business will post sales of $692.67 million, with estimates ranging from $681.23 million to $703.64 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Bank of Hawaii.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, October 22nd. The bank reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. Bank of Hawaii had a return on equity of 16.26% and a net margin of 28.32%. During the same period in the previous year, the business earned $1.08 earnings per share.

Several equities research analysts have recently weighed in on BOH shares. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Bank of Hawaii in a research note on Friday, July 13th. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. ValuEngine raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Morgan Stanley increased their price target on Bank of Hawaii from $86.00 to $87.00 and gave the company an “underweight” rating in a research note on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Bank of Hawaii currently has an average rating of “Hold” and a consensus target price of $90.90.

In related news, Director Mary G. F. Bitterman sold 367 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $81.91, for a total transaction of $30,060.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara J. Tanabe sold 613 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $83.23, for a total value of $51,019.99. The disclosure for this sale can be found here. Corporate insiders own 2.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOH. Cubist Systematic Strategies LLC acquired a new stake in Bank of Hawaii during the second quarter worth approximately $100,000. Creative Financial Designs Inc. ADV acquired a new stake in Bank of Hawaii during the second quarter worth approximately $101,000. Point72 Asset Management L.P. acquired a new stake in Bank of Hawaii during the second quarter worth approximately $125,000. OppenheimerFunds Inc. acquired a new stake in Bank of Hawaii during the first quarter worth approximately $200,000. Finally, Laurion Capital Management LP acquired a new stake in Bank of Hawaii during the second quarter worth approximately $249,000. 75.16% of the stock is owned by institutional investors and hedge funds.

Shares of BOH stock opened at $74.47 on Tuesday. The stock has a market capitalization of $3.19 billion, a PE ratio of 16.89, a P/E/G ratio of 1.69 and a beta of 0.67. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.19. Bank of Hawaii has a 1-year low of $73.95 and a 1-year high of $89.09.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.62 dividend. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 3.33%. Bank of Hawaii’s dividend payout ratio is presently 54.42%.

Bank of Hawaii Company Profile

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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