Bank of Hawaii Q2 EPS Forecast Lowered by Zacks Research

Bank of Hawaii Corporation (NYSE:BOH) – Analysts at Zacks Research decreased their Q2 2027 earnings per share (EPS) estimates for shares of Bank of Hawaii in a research report issued on Wednesday, September 17th. Zacks Research analyst Team now forecasts that the bank will post earnings of $1.44 per share for the quarter, down from their previous estimate of $1.48. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.97 per share.

Other equities analysts have also recently issued research reports about the company. Piper Sandler initiated coverage on Bank of Hawaii in a report on Thursday, August 21st. They issued a “neutral” rating and a $71.00 price objective for the company. Stephens decreased their price objective on Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, July 29th. Finally, Barclays boosted their price objective on Bank of Hawaii from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.00.

Bank of Hawaii Stock Down 2.1%

Bank of Hawaii stock opened at $66.57 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day simple moving average is $66.25 and its two-hundred day simple moving average is $66.82. The company has a market cap of $2.65 billion, a PE ratio of 17.47, a PEG ratio of 0.88 and a beta of 0.84. Bank of Hawaii has a fifty-two week low of $57.44 and a fifty-two week high of $82.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The business had revenue of $174.48 million for the quarter, compared to the consensus estimate of $177.82 million. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%.During the same quarter in the previous year, the business earned $0.81 EPS.

Hedge Funds Weigh In On Bank of Hawaii

A number of large investors have recently bought and sold shares of the business. State of Wyoming raised its holdings in Bank of Hawaii by 8,220.0% in the 2nd quarter. State of Wyoming now owns 832 shares of the bank’s stock worth $56,000 after purchasing an additional 822 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Bank of Hawaii by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 135,332 shares of the bank’s stock valued at $9,139,000 after acquiring an additional 9,303 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Bank of Hawaii by 1,372.3% during the second quarter. Headlands Technologies LLC now owns 1,222 shares of the bank’s stock valued at $83,000 after acquiring an additional 1,139 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Bank of Hawaii by 361.6% during the second quarter. Tower Research Capital LLC TRC now owns 9,375 shares of the bank’s stock valued at $633,000 after acquiring an additional 7,344 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Bank of Hawaii by 4.4% during the second quarter. Corient Private Wealth LLC now owns 31,490 shares of the bank’s stock valued at $2,126,000 after acquiring an additional 1,325 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.80 dividend on an annualized basis and a yield of 4.2%. Bank of Hawaii’s dividend payout ratio is presently 73.49%.

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.