Bank of Hawaii Co. (NYSE:BOH) Forecasted to Earn FY2022 Earnings of $5.50 Per Share

Bank of Hawaii Co. (NYSE:BOHGet Rating) – Analysts at DA Davidson cut their FY2022 earnings per share (EPS) estimates for shares of Bank of Hawaii in a research note issued on Tuesday, April 26th. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $5.50 for the year, down from their previous forecast of $5.58. DA Davidson also issued estimates for Bank of Hawaii’s FY2023 earnings at $6.00 EPS.

Separately, StockNews.com began coverage on shares of Bank of Hawaii in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of BOH opened at $75.99 on Thursday. The firm has a market cap of $3.07 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. The company’s fifty day moving average is $82.66 and its two-hundred day moving average is $84.66. Bank of Hawaii has a fifty-two week low of $75.68 and a fifty-two week high of $95.95. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.01.

Bank of Hawaii (NYSE:BOHGet Rating) last announced its quarterly earnings results on Monday, April 25th. The bank reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.13. Bank of Hawaii had a net margin of 36.30% and a return on equity of 18.06%. During the same period last year, the firm posted $1.50 EPS.

A number of hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its holdings in Bank of Hawaii by 3.5% in the second quarter. Morgan Stanley now owns 116,526 shares of the bank’s stock valued at $9,814,000 after purchasing an additional 3,974 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Bank of Hawaii by 90.7% in the third quarter. SG Americas Securities LLC now owns 16,205 shares of the bank’s stock valued at $1,332,000 after purchasing an additional 7,708 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Bank of Hawaii by 6.2% in the third quarter. AE Wealth Management LLC now owns 3,285 shares of the bank’s stock valued at $270,000 after purchasing an additional 191 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Bank of Hawaii by 8.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,459 shares of the bank’s stock valued at $1,024,000 after purchasing an additional 942 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Bank of Hawaii by 3.5% in the third quarter. Treasurer of the State of North Carolina now owns 14,325 shares of the bank’s stock valued at $1,177,000 after purchasing an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Tuesday, May 31st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.68%. Bank of Hawaii’s payout ratio is 44.80%.

Bank of Hawaii Company Profile (Get Rating)

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, personal 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, and 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.

See Also

Earnings History and Estimates for Bank of Hawaii (NYSE:BOH)

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