Analysts Anticipate Bank of Hawaii Co. (NYSE:BOH) Will Announce Quarterly Sales of $169.35 Million

Wall Street analysts expect that Bank of Hawaii Co. (NYSE:BOHGet Rating) will post $169.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Bank of Hawaii’s earnings. The highest sales estimate is $170.40 million and the lowest is $168.30 million. Bank of Hawaii posted sales of $163.54 million during the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The business is expected to report its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Bank of Hawaii will report full year sales of $701.16 million for the current year, with estimates ranging from $696.11 million to $706.20 million. For the next financial year, analysts anticipate that the firm will post sales of $754.27 million, with estimates ranging from $753.84 million to $754.70 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Bank of Hawaii.

Bank of Hawaii (NYSE:BOHGet Rating) last posted its quarterly earnings data on Monday, January 24th. The bank reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.17. Bank of Hawaii had a return on equity of 18.06% and a net margin of 36.30%. The firm had revenue of $168.96 million for the quarter, compared to analyst estimates of $170.51 million. During the same quarter last year, the company earned $1.06 EPS.

Separately, initiated coverage on Bank of Hawaii in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Bank of Hawaii stock opened at $78.28 on Tuesday. The stock’s fifty day moving average price is $83.90 and its two-hundred day moving average price is $84.88. Bank of Hawaii has a one year low of $75.68 and a one year high of $95.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $3.16 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 14th. Stockholders of record on Monday, February 28th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 25th. This represents a $2.80 annualized dividend and a dividend yield of 3.58%. Bank of Hawaii’s payout ratio is 44.80%.

In other news, CEO Peter S. Ho sold 5,500 shares of Bank of Hawaii stock in a transaction on Thursday, February 10th. The stock was sold at an average price of $87.86, for a total value of $483,230.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.06% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOH. Covestor Ltd acquired a new stake in shares of Bank of Hawaii during the 4th quarter valued at $34,000. CWM LLC acquired a new stake in shares of Bank of Hawaii during the 4th quarter valued at $37,000. Point72 Hong Kong Ltd acquired a new stake in shares of Bank of Hawaii during the 4th quarter valued at $46,000. Eagle Bay Advisors LLC boosted its holdings in shares of Bank of Hawaii by 59,200.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 593 shares of the bank’s stock valued at $49,000 after acquiring an additional 592 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in Bank of Hawaii during the 4th quarter worth about $49,000. 71.61% of the stock is currently owned by institutional investors.

Bank of Hawaii Company Profile (Get Rating)

Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.

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