Bank of Hawaii Corporation (NYSE:BOH) – Analysts at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for shares of Bank of Hawaii Corporation in a report issued on Monday. Jefferies Group analyst C. Haire anticipates that the bank will earn $4.90 per share for the year. Jefferies Group currently has a “Hold” rating and a $85.00 target price on the stock.
A number of other equities research analysts also recently issued reports on BOH. Morgan Stanley restated an “underweight” rating and issued a $77.00 target price (up from $75.00) on shares of Bank of Hawaii Corporation in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub downgraded shares of Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a 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 note on Wednesday, July 26th. Finally, Barclays PLC boosted 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 note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Bank of Hawaii Corporation currently has an average rating of “Hold” and a consensus target price of $87.20.
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Bank of Hawaii Corporation (NYSE:BOH) last posted 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. The firm had revenue of $157.52 million during the quarter, compared to analysts’ expectations of $157.76 million. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. During the same quarter last year, the company posted $1.03 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC grew its stake in Bank of Hawaii Corporation by 0.6% during the second quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock worth $206,000 after buying an additional 14 shares during the period. Alps Advisors Inc. grew its stake in Bank of Hawaii Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,667 shares of the bank’s stock worth $470,000 after buying an additional 15 shares during the period. World Asset Management Inc grew its stake in Bank of Hawaii Corporation by 1.4% during the second quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock worth $221,000 after buying an additional 36 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in Bank of Hawaii Corporation by 1.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,436 shares of the bank’s stock worth $512,000 after buying an additional 87 shares during the period. Finally, Cadinha & Co. LLC grew its stake in Bank of Hawaii Corporation by 0.3% during the second quarter. Cadinha & Co. LLC now owns 32,993 shares of the bank’s stock worth $2,737,000 after buying an additional 100 shares during the period. Institutional investors own 75.61% of the company’s stock.
In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total transaction of $461,280.00. Following the completion of the sale, the insider now directly owns 9,969 shares in the company, valued at $766,416.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Donna A. Tanoue sold 1,185 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $76.86, for a total transaction of $91,079.10. Following the sale, the insider now owns 15,204 shares of the company’s stock, valued at $1,168,579.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,235 shares of company stock valued at $860,767. 2.16% of the stock is owned by insiders.
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 dividend of $0.52 per share. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.47%. The ex-dividend date was Tuesday, August 29th. Bank of Hawaii Corporation’s payout ratio is currently 48.48%.
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.
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