Bank of Hawaii Corporation (NYSE:BOH) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Bank of Hawaii Corporation (NYSE:BOH) issued its quarterly earnings data on Monday. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02, Bloomberg Earnings reports. Bank of Hawaii Corporation had a return on equity of 15.61% and a net margin of 27.57%. During the same quarter in the previous year, the firm earned $1.03 earnings per share.

Bank of Hawaii Corporation (NYSE BOH) traded up 2.60% during trading on Monday, reaching $83.57. The company’s stock had a trading volume of 261,333 shares. The firm has a 50-day moving average price of $81.57 and a 200-day moving average price of $82.80. Bank of Hawaii Corporation has a 52 week low of $66.38 and a 52 week high of $90.80. The firm has a market capitalization of $3.57 billion, a P/E ratio of 19.58 and a beta of 0.95.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.52 per share. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.49%. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is presently 46.84%.

In other news, CEO Peter S. Ho sold 3,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $83.28, for a total transaction of $249,840.00. Following the completion of the sale, the chief executive officer now owns 160,386 shares in the company, valued at approximately $13,356,946.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $82.17, for a total value of $1,232,550.00. Following the sale, the chief executive officer now owns 173,386 shares of the company’s stock, valued at approximately $14,247,127.62. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $2,306,590 in the last quarter. Insiders own 2.16% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its stake in shares of Bank of Hawaii Corporation by 70.5% in the fourth quarter. Guggenheim Capital LLC now owns 12,131 shares of the bank’s stock worth $1,076,000 after buying an additional 5,017 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Bank of Hawaii Corporation by 8.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,330 shares of the bank’s stock worth $650,000 after buying an additional 600 shares during the period. Norges Bank bought a new stake in shares of Bank of Hawaii Corporation during the fourth quarter worth approximately $33,198,000. Quadrature Capital Ltd bought a new stake in shares of Bank of Hawaii Corporation during the fourth quarter worth approximately $332,000. Finally, Teachers Advisors LLC increased its stake in shares of Bank of Hawaii Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 59,252 shares of the bank’s stock worth $5,255,000 after buying an additional 2,489 shares during the period. Institutional investors own 77.78% of the company’s stock.

WARNING: “Bank of Hawaii Corporation (NYSE:BOH) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://sportsperspectives.com/2017/07/24/bank-of-hawaii-corporation-nyseboh-announces-quarterly-earnings-results-beats-estimates-by-0-02-eps.html.

Several research firms have weighed in on BOH. Jefferies Group LLC reissued a “hold” rating and set a $85.00 price target on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. BidaskClub downgraded Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Barclays PLC reissued an “equal weight” rating and set a $83.00 price target (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Zacks Investment Research raised Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Monday, July 10th. Finally, Morgan Stanley raised their price target on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $78.43.

About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Earnings History for Bank of Hawaii Corporation (NYSE:BOH)

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

Latest News

Leave a Reply