Bank of Hawaii Co. (NYSE:BOH) Expected to Post Quarterly Sales of $173.60 Million

Equities research analysts predict that Bank of Hawaii Co. (NYSE:BOHGet Rating) will announce sales of $173.60 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank of Hawaii’s earnings, with estimates ranging from $173.09 million to $174.10 million. Bank of Hawaii reported sales of $167.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Bank of Hawaii will report full-year sales of $704.50 million for the current fiscal year, with estimates ranging from $702.20 million to $706.80 million. For the next financial year, analysts expect that the company will post sales of $763.60 million, with estimates ranging from $757.20 million to $770.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Bank of Hawaii.

Bank of Hawaii (NYSE:BOHGet Rating) last released its earnings results on Monday, April 25th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. Bank of Hawaii had a net margin of 35.44% and a return on equity of 17.99%. During the same period last year, the business earned $1.50 EPS.

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

In other news, CEO Peter S. Ho sold 5,500 shares of the company’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $87.86, for a total transaction of $483,230.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.06% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Bank of Hawaii by 34.6% during the fourth quarter. American Century Companies Inc. now owns 115,892 shares of the bank’s stock worth $9,707,000 after acquiring an additional 29,804 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Bank of Hawaii by 9.0% during the third quarter. The Manufacturers Life Insurance Company now owns 54,062 shares of the bank’s stock worth $4,442,000 after acquiring an additional 4,467 shares in the last quarter. Voya Financial Advisors Inc. increased its position in shares of Bank of Hawaii by 6.4% during the third quarter. Voya Financial Advisors Inc. now owns 3,983 shares of the bank’s stock worth $333,000 after acquiring an additional 240 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Bank of Hawaii by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,488,288 shares of the bank’s stock worth $124,659,000 after acquiring an additional 6,540 shares in the last quarter. Finally, Huntington National Bank grew its position in Bank of Hawaii by 171.6% in the 4th quarter. Huntington National Bank now owns 2,716 shares of the bank’s stock worth $228,000 after purchasing an additional 1,716 shares in the last quarter. 71.07% of the stock is owned by institutional investors.

BOH stock opened at $75.13 on Tuesday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.69 and a beta of 1.16. Bank of Hawaii has a 12-month low of $73.88 and a 12-month high of $95.95. The company’s fifty day simple moving average is $81.00 and its 200 day simple moving average is $84.20.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 14th. Stockholders 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 3.73%. Bank of Hawaii’s dividend payout ratio is currently 46.13%.

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.

Further Reading

Get a free copy of the Zacks research report on Bank of Hawaii (BOH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.