Wall Street analysts expect Bank of Hawaii Co. (NYSE:BOH) to announce sales of $167.65 million for the current quarter, according to Zacks. Two analysts have provided estimates for Bank of Hawaii’s earnings, with the highest sales estimate coming in at $167.79 million and the lowest estimate coming in at $167.50 million. Bank of Hawaii posted sales of $161.79 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The company is expected to issue its next earnings report on Monday, July 22nd.
According to Zacks, analysts expect that Bank of Hawaii will report full-year sales of $676.77 million for the current financial year, with estimates ranging from $673.90 million to $679.64 million. For the next financial year, analysts forecast that the company will post sales of $702.74 million, with estimates ranging from $692.30 million to $713.18 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.07. Bank of Hawaii had a return on equity of 17.81% and a net margin of 30.64%. The firm had revenue of $168.52 million for the quarter, compared to analyst estimates of $166.51 million. During the same period last year, the firm posted $1.28 earnings per share.
Shares of BOH opened at $82.78 on Friday. Bank of Hawaii has a 1 year low of $63.64 and a 1 year high of $88.92. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.37 billion, a PE ratio of 15.83, a P/E/G ratio of 1.95 and a beta of 0.87.
Bank of Hawaii declared that its Board of Directors has initiated a share buyback program on Monday, January 28th that authorizes the company to buyback $130.00 million in shares. This buyback authorization authorizes the bank to purchase up to 4.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from Bank of Hawaii’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is 47.42%.
In other news, Vice Chairman Sharon M. Crofts sold 5,833 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $79.62, for a total transaction of $464,423.46. Following the completion of the transaction, the insider now directly owns 48,778 shares in the company, valued at $3,883,704.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.13% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in Bank of Hawaii in the fourth quarter worth approximately $25,000. Lindbrook Capital LLC bought a new stake in Bank of Hawaii in the fourth quarter worth approximately $34,000. Enlightenment Research LLC bought a new stake in Bank of Hawaii in the fourth quarter worth approximately $40,000. Toronto Dominion Bank bought a new stake in Bank of Hawaii in the fourth quarter worth approximately $47,000. Finally, Destination Wealth Management increased its holdings in Bank of Hawaii by 100.0% in the fourth quarter. Destination Wealth Management now owns 1,000 shares of the bank’s stock worth $67,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 75.83% of the company’s stock.
Bank of Hawaii Company Profile
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 through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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