Bank of Hawaii Corporation (BOH) Issues Quarterly Earnings Results

Bank of Hawaii Corporation (NYSE:BOH) released its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02, Bloomberg Earnings reports. 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 during the quarter, compared to analysts’ expectations of $157.76 million. During the same period in the prior year, the company earned $1.03 EPS.

Bank of Hawaii Corporation (BOH) opened at 79.09 on Friday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 18.48 and a beta of 0.95. Bank of Hawaii Corporation has a 52 week low of $69.77 and a 52 week high of $90.80. The company’s 50-day moving average is $82.44 and its 200 day moving average is $82.01.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.63%. Bank of Hawaii Corporation’s dividend payout ratio is currently 46.62%.

Several brokerages have issued reports on BOH. Zacks Investment Research cut shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub cut shares of Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies reiterated a “hold” rating and set a $94.00 price objective on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 26th. Barclays PLC increased their price objective on shares of Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price objective on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $86.40.

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Several hedge funds have recently modified their holdings of BOH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bank of Hawaii Corporation by 30.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock valued at $126,000 after buying an additional 355 shares during the last quarter. Creative Planning boosted its stake in shares of Bank of Hawaii Corporation by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock valued at $134,000 after buying an additional 65 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Bank of Hawaii Corporation by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 2,469 shares of the bank’s stock valued at $203,000 after buying an additional 15 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Bank of Hawaii Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock valued at $216,000 after buying an additional 18 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Bank of Hawaii Corporation during the first quarter valued at approximately $234,000. Hedge funds and other institutional investors own 77.11% of the company’s stock.

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 for Bank of Hawaii Corporation (NYSE:BOH)

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