Bank of Hawaii Corporation Expected to Post FY2019 Earnings of $4.90 Per Share (BOH)

Bank of Hawaii Corporation (NYSE:BOH) – Equities researchers at Jefferies Group issued their FY2019 earnings estimates for shares of Bank of Hawaii Corporation in a note issued to investors on Monday. Jefferies Group analyst C. Haire anticipates that the bank will post earnings per share of $4.90 for the year. Jefferies Group has a “Hold” rating and a $85.00 price objective on the stock.

Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $157.76 million. During the same quarter last year, the company earned $1.03 EPS. ILLEGAL ACTIVITY WARNING: This news story was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.themarketsdaily.com/2017/10/11/bank-of-hawaii-corporation-expected-to-post-fy2019-earnings-of-4-90-per-share-boh.html.

BOH has been the subject of a number of other reports. Zacks Investment Research raised Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub cut Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC lifted their price target on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, July 25th. Morgan Stanley reaffirmed an “underweight” rating and issued a $77.00 price target (up from $75.00) on shares of Bank of Hawaii Corporation in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $94.00 price target on shares of Bank of Hawaii Corporation in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Bank of Hawaii Corporation has a consensus rating of “Hold” and an average target price of $87.20.

Bank of Hawaii Corporation (BOH) traded down 1.03% during mid-day trading on Tuesday, hitting $84.17. 40,259 shares of the company were exchanged. The stock’s 50 day moving average is $80.33 and its 200-day moving average is $81.00. Bank of Hawaii Corporation has a 12-month low of $71.78 and a 12-month high of $90.80. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 19.67 and a beta of 0.99.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost 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 payout ratio is currently 48.48%.

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

Several institutional investors have recently added to or reduced their stakes in BOH. Crestwood Advisors Group LLC raised its holdings 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 during the last quarter. World Asset Management Inc raised its holdings 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 during the last quarter. Two Sigma Securities LLC bought a new position in shares of Bank of Hawaii Corporation in the first quarter valued at about $234,000. Shelton Capital Management bought a new position in shares of Bank of Hawaii Corporation in the second quarter valued at about $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 buying an additional 488 shares during the last quarter. 75.61% of the stock is owned by institutional investors and hedge funds.

About Bank of Hawaii Corporation

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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