Bank of Hawaii Co. to Post Q1 2018 Earnings of $1.23 Per Share, Jefferies Group Forecasts (BOH)

Bank of Hawaii Co. (NYSE:BOH) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Bank of Hawaii in a research report issued to clients and investors on Tuesday. Jefferies Group analyst C. Haire forecasts that the bank will earn $1.23 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $92.00 target price on the stock. Jefferies Group also issued estimates for Bank of Hawaii’s Q2 2018 earnings at $1.33 EPS, Q3 2018 earnings at $1.38 EPS and Q4 2018 earnings at $1.40 EPS.

Several other equities research analysts have also recently commented on BOH. Piper Jaffray Companies reaffirmed a “hold” rating and set a $92.50 price objective on shares of Bank of Hawaii in a research report on Tuesday, January 9th. Zacks Investment Research raised Bank of Hawaii from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research report on Wednesday. Barclays increased their price objective on Bank of Hawaii from $85.00 to $92.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $92.00 price objective on shares of Bank of Hawaii in a research report on Friday, December 22nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $77.00 price objective (up from $75.00) on shares of Bank of Hawaii in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Bank of Hawaii has a consensus rating of “Hold” and an average target price of $92.25.

Shares of Bank of Hawaii (NYSE BOH) opened at $88.62 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.22. Bank of Hawaii has a 12-month low of $74.72 and a 12-month high of $90.20. The company has a market capitalization of $3,732.60, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.00 and a beta of 0.97.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. The firm had revenue of $158.73 million for the quarter, compared to analysts’ expectations of $163.29 million. During the same period in the prior year, the firm posted $1.02 earnings per share.

A number of large investors have recently made changes to their positions in BOH. Quantbot Technologies LP purchased a new position in Bank of Hawaii in the third quarter worth about $117,000. Rocky Mountain Advisers LLC boosted its position in Bank of Hawaii by 13,300.0% in the third quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock worth $168,000 after purchasing an additional 1,995 shares during the last quarter. Magnetar Financial LLC purchased a new position in Bank of Hawaii in the third quarter worth about $203,000. Trexquant Investment LP purchased a new position in Bank of Hawaii in the third quarter worth about $240,000. Finally, Eagle Ridge Investment Management purchased a new position in Bank of Hawaii in the third quarter worth about $244,000. 75.66% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii declared that its Board of Directors has initiated a stock repurchase program on Monday, October 23rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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About Bank of Hawaii

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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