FY2024 EPS Estimates for Bank of Hawaii Boosted by Analyst

Bank of Hawaii Co. (NYSE:BOH) – Equities research analysts at DA Davidson boosted their FY2024 EPS estimates for Bank of Hawaii in a research note issued on Tuesday, October 29th. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $3.57 for the year, up from their prior estimate of $3.40. DA Davidson currently has a “Neutral” rating and a $74.00 price objective on the stock. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.40 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2025 earnings at $3.70 EPS.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. During the same period last year, the firm earned $1.17 earnings per share.

Other research analysts have also issued reports about the stock. Piper Sandler raised their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research report on Tuesday. Barclays raised their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price target on shares of 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.80.

Bank of Hawaii Price Performance

BOH opened at $72.26 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. The company’s 50-day moving average is $65.30 and its 200 day moving average is $61.99. Bank of Hawaii has a fifty-two week low of $48.83 and a fifty-two week high of $75.19. The firm has a market capitalization of $2.87 billion, a P/E ratio of 21.69, a PEG ratio of 7.30 and a beta of 1.05.

Hedge Funds Weigh In On Bank of Hawaii

Hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Bank of Hawaii during the second quarter valued at approximately $106,000. Point72 DIFC Ltd bought a new stake in Bank of Hawaii during the second quarter valued at approximately $119,000. UMB Bank n.a. lifted its position in Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Bank of Hawaii in the 2nd quarter worth approximately $172,000. Finally, Bridges Investment Management Inc. bought a new stake in shares of Bank of Hawaii in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction dated Wednesday, October 30th. The shares were 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 approximately $991,327.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.47% of the company’s stock.

Bank of Hawaii Dividend Announcement

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

Bank of Hawaii Company Profile

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.