Bank of Hawaii Corporation (BOH) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Bank of Hawaii Corporation (NYSE:BOH) posted its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02, Bloomberg Earnings reports. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. The firm had revenue of $157.52 million during the quarter, compared to analyst estimates of $157.76 million. During the same period in the previous year, the company earned $1.03 EPS.

Shares of Bank of Hawaii Corporation (BOH) traded up 0.41% on Friday, hitting $79.09. The stock had a trading volume of 131,805 shares. The stock’s 50-day moving average price is $82.44 and its 200 day moving average price is $82.01. The company has a market cap of $3.37 billion, a PE ratio of 18.48 and a beta of 0.95. Bank of Hawaii Corporation has a 52 week low of $69.77 and a 52 week high of $90.80.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, August 29th. This is a positive change from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.63%. Bank of Hawaii Corporation’s payout ratio is 46.62%.

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Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Bank of Hawaii Corporation by 30.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock worth $126,000 after buying an additional 355 shares during the last quarter. Creative Planning boosted its stake in Bank of Hawaii Corporation by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock worth $134,000 after buying an additional 65 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in Bank of Hawaii Corporation by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 2,469 shares of the bank’s stock worth $203,000 after buying an additional 15 shares during the last quarter. World Asset Management Inc boosted its stake in Bank of Hawaii Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock worth $216,000 after buying an additional 18 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Bank of Hawaii Corporation during the first quarter worth about $234,000. 77.11% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on BOH shares. Zacks Investment Research upgraded Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub upgraded Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Barclays PLC boosted their target price on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $86.40.

Bank of Hawaii Corporation Company Profile

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.

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

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