The Jefferies Group Comments on Bank of Hawaii Corp.’s Q1 2017 Earnings (BOH)

The Jefferies Group Comments on Bank of Hawaii Corp.’s Q1 2017 Earnings (BOH)

Bank of Hawaii Corp. (NYSE:BOH) – Equities researchers at Jefferies Group issued their Q1 2017 earnings estimates for Bank of Hawaii Corp. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst C. Haire expects that the firm will post earnings per share of $0.93 for the quarter. Jefferies Group also issued estimates for Bank of Hawaii Corp.’s Q2 2017 earnings at $0.99 EPS, Q3 2017 earnings at $1.03 EPS and Q4 2017 earnings at $1.05 EPS.

Several other research firms have also recently weighed in on BOH. Zacks Investment Research upgraded shares of Bank of Hawaii Corp. from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Monday. RBC Capital Markets restated a “sector perform” rating and issued a $72.00 price objective (up from $68.00) on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. Compass Point initiated coverage on shares of Bank of Hawaii Corp. in a research report on Thursday, August 11th. They issued a “neutral” rating and a $69.00 price objective on the stock. Piper Jaffray Cos. initiated coverage on shares of Bank of Hawaii Corp. in a research report on Friday, July 8th. They issued a “neutral” rating and a $70.00 price objective on the stock. Finally, Barclays PLC restated an “equal weight” rating and issued a $66.00 price objective on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $70.00.

Bank of Hawaii Corp. (NYSE:BOH) traded down 1.71% on Thursday, reaching $72.54. 89,200 shares of the company’s stock traded hands. The firm has a market cap of $3.11 billion, a PE ratio of 18.28 and a beta of 0.99. Bank of Hawaii Corp. has a 12 month low of $54.55 and a 12 month high of $74.69. The firm’s 50-day moving average is $72.02 and its 200 day moving average is $69.65.

Bank of Hawaii Corp. (NYSE:BOH) last released its quarterly earnings results on Monday, July 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.10. Bank of Hawaii Corp. had a net margin of 26.96% and a return on equity of 15.21%. The firm earned $150.10 million during the quarter, compared to analyst estimates of $149.13 million. During the same quarter last year, the business earned $0.95 EPS. The company’s revenue was up 4.4% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.60%. The ex-dividend date was Monday, August 29th. Bank of Hawaii Corp.’s dividend payout ratio is currently 48.36%.

A number of hedge funds have recently modified their holdings of the company. TIAA CREF Investment Management LLC raised its stake in shares of Bank of Hawaii Corp. by 15.5% in the first quarter. TIAA CREF Investment Management LLC now owns 111,789 shares of the company’s stock valued at $7,633,000 after buying an additional 14,976 shares in the last quarter. Retirement Systems of Alabama raised its stake in Bank of Hawaii Corp. by 7.5% in the second quarter. Retirement Systems of Alabama now owns 186,371 shares of the company’s stock worth $12,822,000 after buying an additional 13,039 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in Bank of Hawaii Corp. during the first quarter worth $629,000. Metropolitan Life Insurance Co. NY raised its stake in Bank of Hawaii Corp. by 2.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 39,082 shares of the company’s stock worth $2,669,000 after buying an additional 946 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Bank of Hawaii Corp. by 141.4% in the second quarter. BNP Paribas Arbitrage SA now owns 25,808 shares of the company’s stock worth $1,776,000 after buying an additional 15,116 shares during the period. 76.08% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Corp. Company Profile

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