Bank of Hawaii Co. (NYSE:BOH) – Investment analysts at Jefferies Financial Group boosted their FY2018 earnings per share (EPS) estimates for Bank of Hawaii in a research note issued on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $5.31 per share for the year, up from their previous forecast of $5.29. Jefferies Financial Group also issued estimates for Bank of Hawaii’s Q4 2018 earnings at $1.38 EPS.
Several other research analysts have also recently issued reports on BOH. Morgan Stanley decreased their price target on Bank of Hawaii from $87.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, September 18th. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Finally, ValuEngine cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th.
Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, October 22nd. The bank reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.02. Bank of Hawaii had a return on equity of 17.07% and a net margin of 29.49%. The firm had revenue of $164.41 million for the quarter, compared to analyst estimates of $165.69 million. During the same period last year, the company earned $1.08 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $2.48 annualized dividend and a yield of 3.44%. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.60. Bank of Hawaii’s dividend payout ratio (DPR) is currently 56.24%.
In related news, Director Barbara J. Tanabe sold 500 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.04% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in Bank of Hawaii during the second quarter valued at about $100,000. TLP Group LLC acquired a new position in shares of Bank of Hawaii in the 3rd quarter valued at $116,000. Point72 Asset Management L.P. acquired a new position in shares of Bank of Hawaii in the 2nd quarter valued at $125,000. Columbia Asset Management acquired a new position in shares of Bank of Hawaii in the 3rd quarter valued at $118,000. Finally, Associated Banc Corp acquired a new position in shares of Bank of Hawaii in the 3rd quarter valued at $224,000. 76.36% of the stock is owned by institutional investors and hedge funds.
About Bank of Hawaii
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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