Bank of Hawaii Co. to Post Q3 2024 Earnings of $0.83 Per Share, DA Davidson Forecasts (NYSE:BOH)

Bank of Hawaii Co. (NYSE:BOH) – Stock analysts at DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for shares of Bank of Hawaii in a report issued on Tuesday, July 23rd. DA Davidson analyst J. Rulis forecasts that the bank will earn $0.83 per share for the quarter. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.39 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2024 earnings at $3.40 EPS.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, July 22nd. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. The business had revenue of $255.62 million for the quarter, compared to the consensus estimate of $157.12 million. During the same quarter in the previous year, the company earned $1.12 EPS.

BOH has been the subject of several other reports. Jefferies Financial Group increased their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Barclays lowered their price target on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 23rd. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Thursday, May 30th. Piper Sandler lifted their price objective on Bank of Hawaii from $58.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, Bank of Hawaii has a consensus rating of “Reduce” and an average target price of $58.50.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $68.64 on Wednesday. The company has a market cap of $2.73 billion, a PE ratio of 17.69 and a beta of 1.06. Bank of Hawaii has a 52 week low of $45.56 and a 52 week high of $75.19. The business has a 50 day moving average price of $58.98 and a 200-day moving average price of $60.60. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.44.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Friday, August 30th. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

Institutional Trading of Bank of Hawaii

Several hedge funds have recently made changes to their positions in BOH. Louisiana State Employees Retirement System increased its position in shares of Bank of Hawaii by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock worth $1,144,000 after acquiring an additional 300 shares during the period. Swedbank AB boosted its stake in Bank of Hawaii by 3.6% in the second quarter. Swedbank AB now owns 725,000 shares of the bank’s stock valued at $41,477,000 after acquiring an additional 25,000 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Bank of Hawaii during the first quarter worth $832,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Bank of Hawaii during the first quarter worth $283,000. Finally, Vancity Investment Management Ltd purchased a new position in shares of Bank of Hawaii during the first quarter worth $291,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.