Bank of Hawaii (NYSE:BOH) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Bank of Hawaii (NYSE:BOHGet Rating) announced its quarterly earnings data on Monday. The bank reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.08, MarketWatch Earnings reports. Bank of Hawaii had a net margin of 31.88% and a return on equity of 18.37%. During the same quarter in the previous year, the firm posted $1.55 earnings per share.

Bank of Hawaii Price Performance

Bank of Hawaii stock traded down $2.33 during mid-day trading on Monday, hitting $76.19. 230,228 shares of the company were exchanged, compared to its average volume of 117,959. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50 day simple moving average is $78.62 and its two-hundred day simple moving average is $78.25. The company has a market capitalization of $3.05 billion, a P/E ratio of 13.99, a PEG ratio of 1.77 and a beta of 1.01. Bank of Hawaii has a 12-month low of $70.15 and a 12-month high of $89.30.

Analysts Set New Price Targets

Several research firms have weighed in on BOH. StockNews.com lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, December 6th. DA Davidson decreased their target price on shares of Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, October 25th. Finally, Compass Point decreased their target price on shares of Bank of Hawaii to $86.00 in a report on Thursday, October 27th.

Insiders Place Their Bets

In other news, CEO Peter S. Ho sold 5,500 shares of Bank of Hawaii stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $79.30, for a total value of $436,150.00. Following the completion of the sale, the chief executive officer now owns 233,681 shares of the company’s stock, valued at $18,530,903.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in Bank of Hawaii during the third quarter valued at approximately $456,000. Jane Street Group LLC raised its stake in Bank of Hawaii by 165.3% during the third quarter. Jane Street Group LLC now owns 9,284 shares of the bank’s stock valued at $707,000 after buying an additional 5,784 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Bank of Hawaii by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 21,833 shares of the bank’s stock valued at $1,662,000 after buying an additional 169 shares in the last quarter. Algert Global LLC raised its stake in Bank of Hawaii by 66.6% during the third quarter. Algert Global LLC now owns 8,791 shares of the bank’s stock valued at $669,000 after buying an additional 3,513 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in Bank of Hawaii by 86.9% during the third quarter. Two Sigma Advisers LP now owns 11,400 shares of the bank’s stock valued at $868,000 after buying an additional 5,300 shares in the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.

Bank of Hawaii Company Profile

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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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Earnings History for Bank of Hawaii (NYSE:BOH)

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