DA Davidson Weighs in on Bank of Hawaii Q4 Earnings

Bank of Hawaii Co. (NYSE:BOH) – DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Bank of Hawaii in a report issued on Tuesday, October 29th. DA Davidson analyst J. Rulis expects that the bank will post earnings per share of $0.91 for the quarter. DA Davidson has a “Neutral” rating and a $74.00 price target on the stock. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.40 per share.

BOH has been the subject of a number of other reports. Barclays increased their price target on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a report on Tuesday. Jefferies Financial Group boosted their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Piper Sandler increased their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their target price on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target of $64.80.

Bank of Hawaii Stock Down 0.7 %

BOH stock opened at $72.25 on Wednesday. Bank of Hawaii has a one year low of $48.83 and a one year high of $75.19. The firm has a market cap of $2.87 billion, a PE ratio of 21.70, a PEG ratio of 7.30 and a beta of 1.05. The firm’s 50 day moving average price is $65.30 and its 200-day moving average price is $61.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. The firm had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $160.29 million. During the same quarter in the previous year, the company posted $1.17 EPS.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bank of Hawaii during the second quarter worth approximately $106,000. Point72 DIFC Ltd purchased a new stake in shares of Bank of Hawaii during the 2nd quarter worth approximately $119,000. UMB Bank n.a. boosted its holdings in shares of Bank of Hawaii by 5,508.3% in the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after buying an additional 2,644 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Bank of Hawaii in the 2nd quarter valued at $172,000. Finally, Crestwood Advisors Group LLC purchased a new stake in Bank of Hawaii in the third quarter valued at $207,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the sale, the insider now owns 13,717 shares of the company’s stock, valued at $991,327.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.47% of the company’s stock.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.88%. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.