Analysts expect Bank of Hawaii Co. (NYSE:BOH) to report $167.55 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bank of Hawaii’s earnings. The lowest sales estimate is $166.79 million and the highest is $168.30 million. Bank of Hawaii posted sales of $165.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 1%. The business is expected to report its next earnings results on Monday, October 25th.
According to Zacks, analysts expect that Bank of Hawaii will report full year sales of $665.18 million for the current year, with estimates ranging from $663.66 million to $666.70 million. For the next financial year, analysts anticipate that the firm will report sales of $667.09 million, with estimates ranging from $665.90 million to $668.28 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Bank of Hawaii.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Sunday, July 25th. The bank reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.37. Bank of Hawaii had a return on equity of 15.10% and a net margin of 29.80%. The business had revenue of $167.95 million for the quarter, compared to the consensus estimate of $166.29 million. During the same period last year, the business earned $0.98 EPS.
In other Bank of Hawaii news, insider Mary E. Sellers sold 5,000 shares of the business’s stock in a transaction on Monday, June 28th. The stock was sold at an average price of $86.84, for a total value of $434,200.00. Following the transaction, the insider now owns 100,972 shares of the company’s stock, valued at $8,768,408.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Peter S. Ho sold 5,834 shares of the company’s stock in a transaction on Monday, August 16th. The shares were sold at an average price of $85.16, for a total value of $496,823.44. The disclosure for this sale can be found here. In the last three months, insiders sold 55,833 shares of company stock worth $4,702,366. Insiders own 2.02% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eaton Vance Management boosted its position in shares of Bank of Hawaii by 1.1% during the first quarter. Eaton Vance Management now owns 13,506 shares of the bank’s stock worth $1,209,000 after buying an additional 144 shares during the period. Commonwealth Equity Services LLC boosted its position in Bank of Hawaii by 1.3% during the first quarter. Commonwealth Equity Services LLC now owns 12,412 shares of the bank’s stock valued at $1,110,000 after purchasing an additional 165 shares during the last quarter. Intercontinental Wealth Advisors LLC boosted its position in Bank of Hawaii by 0.9% during the second quarter. Intercontinental Wealth Advisors LLC now owns 18,512 shares of the bank’s stock valued at $1,559,000 after purchasing an additional 172 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Bank of Hawaii by 1.8% during the first quarter. Thrivent Financial for Lutherans now owns 10,697 shares of the bank’s stock valued at $957,000 after purchasing an additional 194 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its position in Bank of Hawaii by 5.6% during the second quarter. Vestmark Advisory Solutions Inc. now owns 3,956 shares of the bank’s stock valued at $333,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 71.82% of the company’s stock.
NYSE BOH traded up $0.81 during trading on Friday, hitting $77.96. The company’s stock had a trading volume of 300 shares, compared to its average volume of 236,952. The firm has a 50 day moving average price of $83.40 and a 200 day moving average price of $87.66. The firm has a market cap of $3.16 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.68 and a beta of 1.27. Bank of Hawaii has a 52 week low of $48.77 and a 52 week high of $99.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st will be paid a $0.70 dividend. The ex-dividend date is Monday, August 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.59%. This is a positive change from Bank of Hawaii’s previous quarterly dividend of $0.67. Bank of Hawaii’s payout ratio is currently 72.54%.
About Bank of Hawaii
Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.
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