Trading Report: The Bank of Hawaii Corp. Forecasted to Post Q3 2016 Earnings of $0.98 Per Share (BOH)

The Bank of Hawaii Corp. Forecasted to Post Q3 2016 Earnings of $0.98 Per Share (BOH)

Bank of Hawaii Corp. (NYSE:BOH) – Equities researchers at Jefferies Group raised their Q3 2016 EPS estimates for shares of Bank of Hawaii Corp. in a research note issued on Friday. Jefferies Group analyst C. Haire now forecasts that the brokerage will post earnings per share of $0.98 for the quarter, up from their prior estimate of $0.97. Jefferies Group also issued estimates for Bank of Hawaii Corp.’s FY2016 earnings at $4.17 EPS and FY2018 earnings at $4.30 EPS.

Several other research analysts have also commented on BOH. DA Davidson boosted their price target on Bank of Hawaii Corp. from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 26th. Compass Point began coverage on Bank of Hawaii Corp. in a research report on Thursday, August 11th. They issued a “neutral” rating and a $69.00 price target for the company. RBC Capital Markets reissued a “sector perform” rating and issued a $72.00 price target (up from $68.00) on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. Piper Jaffray Cos. began coverage on Bank of Hawaii Corp. in a research report on Friday, July 8th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Zacks Investment Research lowered Bank of Hawaii Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Nine analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $69.70.

Bank of Hawaii Corp. (NYSE:BOH) opened at 73.83 on Monday. The firm has a 50-day moving average price of $71.70 and a 200 day moving average price of $69.53. The stock has a market capitalization of $3.16 billion, a PE ratio of 18.61 and a beta of 0.99. Bank of Hawaii Corp. has a 12 month low of $54.55 and a 12 month high of $73.95.

10/10/bank-of-hawaii-corp-forecasted-to-post-q3-2016-earnings-of-0-98-per-share-boh.html

Bank of Hawaii Corp. (NYSE:BOH) last announced its 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. The business had revenue of $150.10 million for the quarter, compared to analysts’ expectations of $149.13 million. Bank of Hawaii Corp. had a return on equity of 15.21% and a net margin of 26.96%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share.

A number of hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC increased 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 worth $7,633,000 after buying an additional 14,976 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of 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 last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Bank of Hawaii Corp. during the first quarter worth approximately $629,000. Metropolitan Life Insurance Co. NY increased its stake in shares of 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 last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of 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 last quarter. Institutional investors and hedge funds own 76.08% of the company’s stock.

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

About Bank of Hawaii Corp.

Related posts

Leave a Comment