Zacks: Brokerages Anticipate Bank of Hawaii Co. (NYSE:BOH) Will Post Quarterly Sales of $169.39 Million

Equities research analysts forecast that Bank of Hawaii Co. (NYSE:BOH) will report sales of $169.39 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank of Hawaii’s earnings, with the lowest sales estimate coming in at $168.30 million and the highest estimate coming in at $170.49 million. Bank of Hawaii posted sales of $164.41 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The business is expected to report its next earnings report on Monday, October 28th.

On average, analysts expect that Bank of Hawaii will report full year sales of $678.02 million for the current year, with estimates ranging from $676.40 million to $679.64 million. For the next financial year, analysts expect that the company will report sales of $695.79 million, with estimates ranging from $678.40 million to $713.18 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Bank of Hawaii.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $169.55 million during the quarter, compared to analyst estimates of $167.65 million. Bank of Hawaii had a net margin of 30.23% and a return on equity of 17.85%. During the same period in the prior year, the firm earned $1.30 earnings per share.



Hedge funds and other institutional investors have recently bought and sold shares of the company. 6 Meridian increased its holdings in Bank of Hawaii by 2.0% in the second quarter. 6 Meridian now owns 6,539 shares of the bank’s stock worth $542,000 after buying an additional 131 shares during the last quarter. ETF Managers Group LLC increased its holdings in Bank of Hawaii by 9.1% in the first quarter. ETF Managers Group LLC now owns 1,748 shares of the bank’s stock worth $138,000 after buying an additional 146 shares during the last quarter. Arizona State Retirement System increased its holdings in Bank of Hawaii by 0.5% in the second quarter. Arizona State Retirement System now owns 29,748 shares of the bank’s stock worth $2,466,000 after buying an additional 155 shares during the last quarter. Harrington Investments INC increased its holdings in Bank of Hawaii by 0.7% in the second quarter. Harrington Investments INC now owns 24,430 shares of the bank’s stock worth $2,025,000 after buying an additional 160 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Bank of Hawaii by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,945 shares of the bank’s stock worth $1,405,000 after buying an additional 236 shares during the last quarter. 73.92% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE BOH traded up $0.52 during mid-day trading on Wednesday, reaching $86.89. The company had a trading volume of 155,300 shares, compared to its average volume of 218,283. The stock has a fifty day moving average of $82.84 and a two-hundred day moving average of $81.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.08 and a beta of 0.92. Bank of Hawaii has a 12-month low of $63.64 and a 12-month high of $88.20.

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Thursday, August 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 49.71%.

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 through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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Earnings History and Estimates for Bank of Hawaii (NYSE:BOH)

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