Bank of Hawaii Co. to Post Q3 2024 Earnings of $0.82 Per Share, Zacks Research Forecasts (NYSE:BOH)

Bank of Hawaii Co. (NYSE:BOH) – Equities research analysts at Zacks Research decreased their Q3 2024 EPS estimates for shares of Bank of Hawaii in a research note issued on Monday, August 12th. Zacks Research analyst R. Department now anticipates that the bank will earn $0.82 per share for the quarter, down from their previous forecast of $0.84. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.37 per share. Zacks Research also issued estimates for Bank of Hawaii’s Q4 2024 earnings at $0.85 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.97 EPS and FY2025 earnings at $3.52 EPS.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 earnings per share (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 company had revenue of $255.62 million during the quarter, compared to analyst estimates of $157.12 million. During the same quarter in the previous year, the business posted $1.12 earnings per share.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of Bank of Hawaii from $58.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, July 23rd. Barclays decreased their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, April 23rd. Jefferies Financial Group increased their target price on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Piper Sandler downgraded Bank of Hawaii from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $70.00 to $61.00 in a report on Monday. Finally, DA Davidson upped their price objective on Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, Bank of Hawaii currently has an average rating of “Reduce” and a consensus target price of $59.00.

Bank of Hawaii Stock Performance

Shares of BOH opened at $64.48 on Wednesday. Bank of Hawaii has a 1 year low of $45.56 and a 1 year high of $75.19. The stock has a market capitalization of $2.56 billion, a PE ratio of 16.62 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a 50-day simple moving average of $61.48 and a 200-day simple moving average of $60.44.

Institutional Trading of Bank of Hawaii

Institutional investors and hedge funds have recently bought and sold shares of the business. Illinois Municipal Retirement Fund increased its stake in Bank of Hawaii by 0.8% in the first quarter. Illinois Municipal Retirement Fund now owns 21,787 shares of the bank’s stock valued at $1,359,000 after purchasing an additional 176 shares during the period. Congress Asset Management Co. MA raised its stake in Bank of Hawaii by 0.4% during the 4th quarter. Congress Asset Management Co. MA now owns 48,987 shares of the bank’s stock valued at $3,550,000 after acquiring an additional 185 shares during the last quarter. Arizona State Retirement System lifted its position in Bank of Hawaii by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 11,134 shares of the bank’s stock worth $637,000 after acquiring an additional 210 shares during the period. Penobscot Investment Management Company Inc. grew its stake in shares of Bank of Hawaii by 6.1% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,773 shares of the bank’s stock valued at $346,000 after purchasing an additional 273 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Bank of Hawaii by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock valued at $1,144,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 2,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $67.80, for a total transaction of $160,279.20. Following the transaction, the insider now owns 10,785 shares in the company, valued at approximately $731,223. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.11% of the stock is currently owned by insiders.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.34%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

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.