Bank of Hawaii Co. (NYSE:BOH) Forecasted to Post Q2 2024 Earnings of $0.87 Per Share

Bank of Hawaii Co. (NYSE:BOH) – Stock analysts at DA Davidson issued their Q2 2024 EPS estimates for Bank of Hawaii in a note issued to investors on Tuesday, April 23rd. DA Davidson analyst J. Rulis forecasts that the bank will post earnings per share of $0.87 for the quarter. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.72 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2024 earnings at $3.50 EPS and FY2025 earnings at $3.70 EPS.

Several other analysts have also issued reports on BOH. Keefe, Bruyette & Woods lifted their target price on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research report on Tuesday. Jefferies Financial Group dropped their target price on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Piper Sandler lowered their price target on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Finally, Barclays reduced their target price on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $52.20.

Bank of Hawaii Stock Up 0.8 %

BOH stock opened at $58.66 on Wednesday. The firm has a market cap of $2.33 billion, a PE ratio of 15.12, a P/E/G ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The firm’s fifty day moving average is $60.37 and its 200 day moving average is $60.80. Bank of Hawaii has a one year low of $30.83 and a one year high of $75.19.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 22nd. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). The firm had revenue of $252.64 million for the quarter, compared to analyst estimates of $160.79 million. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. During the same quarter in the prior year, the business posted $1.14 EPS.

Institutional Investors Weigh In On Bank of Hawaii

A number of institutional investors and hedge funds have recently made changes to their positions in BOH. Victory Capital Management Inc. grew its holdings in shares of Bank of Hawaii by 28.6% in the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock valued at $131,789,000 after purchasing an additional 590,492 shares in the last quarter. Norges Bank acquired a new position in shares of Bank of Hawaii in the fourth quarter valued at approximately $29,508,000. Newport Trust Company LLC acquired a new position in shares of Bank of Hawaii in the third quarter valued at approximately $20,170,000. Goldman Sachs Group Inc. grew its holdings in shares of Bank of Hawaii by 105.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock valued at $32,718,000 after purchasing an additional 231,909 shares in the last quarter. Finally, North Reef Capital Management LP acquired a new position in shares of Bank of Hawaii in the third quarter valued at approximately $8,479,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is 72.16%.

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.