Bank of Hawaii Co. (NYSE:BOH) – Research analysts at DA Davidson issued their FY2021 earnings estimates for shares of Bank of Hawaii in a research note issued to investors on Tuesday, November 3rd. DA Davidson analyst J. Rulis forecasts that the bank will earn $4.50 per share for the year. Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Saturday, October 31st. The bank reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.11. Bank of Hawaii had a net margin of 22.62% and a return on equity of 12.73%. During the same quarter in the previous year, the company posted $1.29 earnings per share.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating and set a $60.00 target price for the company in a research report on Friday, July 31st. Piper Sandler dropped their target price on shares of Bank of Hawaii from $61.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Finally, ValuEngine cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $66.50.
Shares of BOH opened at $59.37 on Thursday. The stock has a market capitalization of $2.38 billion, a P/E ratio of 13.97, a PEG ratio of 1.97 and a beta of 1.17. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $55.15 and a two-hundred day simple moving average of $58.60. Bank of Hawaii has a twelve month low of $46.70 and a twelve month high of $95.68.
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Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in Bank of Hawaii during the 2nd quarter valued at about $92,000. Fifth Third Bancorp grew its stake in shares of Bank of Hawaii by 15.3% in the second quarter. Fifth Third Bancorp now owns 1,544 shares of the bank’s stock worth $95,000 after acquiring an additional 205 shares during the period. Riggs Asset Managment Co. Inc. bought a new stake in shares of Bank of Hawaii in the third quarter worth approximately $110,000. Sippican Capital Advisors bought a new stake in shares of Bank of Hawaii in the second quarter worth approximately $203,000. Finally, AE Wealth Management LLC bought a new stake in shares of Bank of Hawaii in the second quarter worth approximately $211,000. Institutional investors and hedge funds own 74.03% of the company’s stock.
In other news, Director Barbara J. Tanabe acquired 1,475 shares of Bank of Hawaii stock in a transaction on Wednesday, October 28th. The stock was acquired at an average cost of $58.27 per share, for a total transaction of $85,948.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Victor K. Nichols acquired 4,475 shares of Bank of Hawaii stock in a transaction on Friday, August 21st. The shares were purchased at an average price of $55.66 per share, with a total value of $249,078.50. Following the completion of the purchase, the director now owns 10,055 shares in the company, valued at approximately $559,661.30. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 6,950 shares of company stock valued at $386,987. 2.14% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 30th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.68 annualized dividend and a dividend yield of 4.51%. Bank of Hawaii’s payout ratio is 48.20%.
About Bank of Hawaii
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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