FY2017 Earnings Forecast for Bank of Hawaii Corporation Issued By DA Davidson (NYSE:BOH)

Bank of Hawaii Corporation (NYSE:BOH) – Stock analysts at DA Davidson lowered their FY2017 earnings per share (EPS) estimates for Bank of Hawaii Corporation in a research note issued to investors on Tuesday, Zacks Investment Research reports. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $4.45 per share for the year, down from their prior estimate of $4.50. DA Davidson also issued estimates for Bank of Hawaii Corporation’s Q4 2017 earnings at $1.12 EPS.

Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. Bank of Hawaii Corporation had a net margin of 27.27% and a return on equity of 15.45%. The firm had revenue of $158.73 million for the quarter, compared to the consensus estimate of $163.29 million. During the same quarter in the previous year, the firm posted $1.02 EPS. TRADEMARK VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://ledgergazette.com/2017/11/13/bank-of-hawaii-corporation-forecasted-to-earn-fy2017-earnings-of-4-45-per-share-boh.html.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Monday, October 9th. Barclays PLC lifted their price target on shares of Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $90.50 price target on shares of Bank of Hawaii Corporation in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $88.00 price target on shares of Bank of Hawaii Corporation in a research note on Tuesday, October 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 price target on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Bank of Hawaii Corporation presently has a consensus rating of “Hold” and a consensus target price of $87.92.

Bank of Hawaii Corporation (NYSE BOH) traded up $0.20 during trading on Thursday, reaching $78.86. 145,200 shares of the company traded hands, compared to its average volume of 147,963. Bank of Hawaii Corporation has a 12-month low of $74.72 and a 12-month high of $90.80. The stock has a market cap of $3,349.89, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.66 and a quick ratio of 0.66.

Bank of Hawaii Corporation declared that its board has approved a stock buyback plan on Monday, October 23rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.64%. The ex-dividend date is Wednesday, November 29th. Bank of Hawaii Corporation’s dividend payout ratio is currently 47.82%.

In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total transaction of $461,280.00. Following the completion of the transaction, the insider now directly owns 9,969 shares of the company’s stock, valued at approximately $766,416.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donna A. Tanoue sold 4,050 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the transaction, the insider now directly owns 9,969 shares of the company’s stock, valued at $759,139.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,235 shares of company stock valued at $860,767. 2.16% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Crestwood Advisors Group LLC boosted its holdings in shares of Bank of Hawaii Corporation by 0.6% in the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after buying an additional 14 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Bank of Hawaii Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,667 shares of the bank’s stock valued at $470,000 after buying an additional 15 shares during the period. World Asset Management Inc boosted its holdings in shares of Bank of Hawaii Corporation by 1.4% in the 2nd quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock valued at $221,000 after buying an additional 36 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Bank of Hawaii Corporation by 1.2% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,436 shares of the bank’s stock valued at $512,000 after buying an additional 87 shares during the period. Finally, Cadinha & Co. LLC boosted its holdings in shares of Bank of Hawaii Corporation by 0.3% in the 2nd quarter. Cadinha & Co. LLC now owns 32,993 shares of the bank’s stock valued at $2,737,000 after buying an additional 100 shares during the period. 76.22% of the stock is owned by institutional investors and hedge funds.

About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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Earnings History and Estimates for Bank of Hawaii Corporation (NYSE:BOH)

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