FY2017 Earnings Forecast for Bank of Hawaii Corporation (BOH) Issued By Jefferies Group

Bank of Hawaii Corporation (NYSE:BOH) – Equities researchers at Jefferies Group raised their FY2017 earnings estimates for Bank of Hawaii Corporation in a report released on Thursday. Jefferies Group analyst C. Haire now expects that the bank will post earnings per share of $4.40 for the year, up from their previous forecast of $4.33. Jefferies Group has a “Hold” rating and a $92.00 price objective on the stock. Jefferies Group also issued estimates for Bank of Hawaii Corporation’s Q4 2017 earnings at $1.08 EPS.

A number of other equities research analysts also recently commented on BOH. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 target price on shares of Bank of Hawaii Corporation in a research report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $90.50 target price on shares of Bank of Hawaii Corporation in a research report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. BidaskClub downgraded shares of Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $77.00 target price (up previously from $75.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.92.

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Bank of Hawaii Corporation (NYSE:BOH) opened at 83.04 on Monday. The stock has a market cap of $3.54 billion, a P/E ratio of 19.41 and a beta of 0.98. The company has a 50-day moving average price of $82.15 and a 200 day moving average price of $81.26. Bank of Hawaii Corporation has a 1-year low of $72.97 and a 1-year high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.27%. The business had revenue of $158.73 million for the quarter, compared to the consensus estimate of $163.29 million. During the same quarter in the prior year, the business earned $1.02 earnings per share.

Bank of Hawaii Corporation declared that its board has authorized a share repurchase plan on Monday, October 23rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, November 29th. Bank of Hawaii Corporation’s payout ratio is 47.82%.

In other news, insider Donna A. Tanoue sold 4,050 shares of the business’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 sale, the insider now owns 9,969 shares of the company’s stock, valued at approximately $759,139.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Donna A. Tanoue sold 1,185 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $76.86, for a total transaction of $91,079.10. Following the sale, the insider now directly owns 15,204 shares of the company’s stock, valued at approximately $1,168,579.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,235 shares of company stock valued at $860,767. Insiders own 2.16% of the company’s stock.

Several hedge funds have recently modified their holdings of BOH. Crestwood Advisors Group LLC grew its position in shares of Bank of Hawaii Corporation by 0.6% during the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after acquiring an additional 14 shares during the period. World Asset Management Inc lifted its stake in shares of Bank of Hawaii Corporation by 1.4% during the 2nd 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. Eagle Ridge Investment Management purchased a new position in shares of Bank of Hawaii Corporation during the 3rd quarter valued at $244,000. Shelton Capital Management purchased a new position in shares of Bank of Hawaii Corporation during the 2nd quarter valued at $269,000. Finally, LS Investment Advisors LLC lifted its stake in shares of Bank of Hawaii Corporation by 17.0% during the 2nd 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 in the last quarter. 76.16% of the stock is owned by hedge funds and other institutional investors.

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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