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%.
COPYRIGHT VIOLATION WARNING: This article was first posted by BNB Daily and is owned by of BNB Daily. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/bank-of-hawaii-corporation-boh-announces-quarterly-earnings-results-beats-expectations-by-0-02-eps-updated-updated-updated.html.
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.
Receive News & Ratings for Bank of Hawaii Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii Corporation and related companies with MarketBeat.com's FREE daily email newsletter.