Bank of Hawaii Co. (NYSE:BOH- received rating) – Research analysts at DA Davidson have increased their Q3 2022 EPS estimates for the Bank of Hawaii in a report published on Friday, October 7th. DA Davidson analyst J. Rulis now expects the bank to earn $1.43 per share for the quarter versus its previous estimate of $1.40. The consensus estimate for Bank of Hawaii’s current full-year earnings is $5.67 per share. DA Davidson also released estimates for Bank of Hawaii’s fiscal 2022 earnings of $5.63 per share and fiscal 2023 of $6.40 per share.

A number of other research analysts also covered the company. Jefferies Financial Group lowered its target price on Bank of Hawaii to $79.00 from $87.00 in a report Monday, July 11. StockNews.com The Bank of Hawaii upgraded its rating from a “sell” to a “hold” rating in a report Wednesday, September 21.

Bank of Hawaii is down 4.2%

NYSE BOH opened at $76.68 on Monday. The Bank of Hawaii has a yearly low of $70.89 and a yearly high of $92.38. The company’s 50-day moving average is $79.64 and its 200-day moving average is $78.13. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.69, and a beta of 1.05. The company has a gearing ratio of 0.01, a current ratio of 0.64 and a quick ratio of 0.64.

Bank of Hawaii (NYSE: BOH- received rating) last released its quarterly results on Monday, July 25. The bank reported earnings per share (EPS) of $1.38 for the quarter, beating analyst consensus estimates of $1.35 by $0.03. Bank of Hawaii had a return on equity of 17.98% and a net margin of 33.63%. The company had revenue of $175.06 million for the quarter, compared to analysts’ expectations of $173.83 million. In the same period last year, the company earned $1.68 per share.

Institutional inflows and outflows

Major investors recently changed their positions in the stock. Meeder Asset Management Inc. increased its stake in Bank of Hawaii by 183.7% in the second quarter. Meeder Asset Management Inc. now owns 417 shares of the bank valued at $31,000 after purchasing an additional 270 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Bank of Hawaii stock by 110.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 476 shares of the bank, valued at $40,000, after purchasing an additional 250 shares last quarter. Pinebridge Investments LP increased its holding in Bank of Hawaii stock by 488.0% during the second quarter. Pinebridge Investments LP now owns 588 shares of the bank, valued at $44,000, after purchasing an additional 488 shares last quarter. Covestor Ltd increased its stake in Bank of Hawaii stock by 72.4% in the first quarter. Covestor Ltd now owns 707 shares of the bank, valued at $59,000, having bought a further 297 shares last quarter. Finally, Point72 Hong Kong Ltd increased its holdings of Bank of Hawaii shares by 27.9% in the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank, valued at $60,000, after purchasing a further 155 shares last quarter. 74.84% of the shares are owned by institutional investors.

Insider buying and selling at the Bank of Hawaii

In related news, CEO Peter S.Ho sold 5,500 shares of the company’s shares in a transaction on Wednesday, August 10. The stock sold at an average price of $81.67 for a total transaction of $449,185.00. Upon completion of the transaction, the Chief Executive Officer now owns 239,181 shares of the Company, valued at approximately $19,533,912.27. The transaction was disclosed in a SEC-filed document, which is available through this hyperlink. 2.06% of the shares are currently owned by company insiders.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. A dividend of $0.70 per share was paid to investors of record on Wednesday, August 31st. That equates to an annualized dividend of $2.80 and a yield of 3.65%. The ex-dividend date was Tuesday 30th August. Bank of Hawaii’s dividend payout ratio (DPR) is currently 48.53%.

Bank of Hawaii Company Profile

(received rating)

Bank of Hawaii Corporation acts as the bank holding company for Bank of Hawaii, which provides various financial products and services in Hawaii, Guam and other Pacific Islands. It operates through three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers current, savings and time deposit accounts; residential mortgage loans, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases and credit cards; banking for private and international customers, investment, credit and trustee services for individuals and families and high net worth individuals; investment management; institutional investment advice for corporations, government agencies and foundations; and brokerage offerings, including stocks, mutual funds, life insurance, and annuity products.

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