Q1 2023 Earnings Estimate for Bank of Hawaii Co. (NYSE:BOH) Issued By DA Davidson

Posted by Defense World Staff on Apr 7th, 2023

Bank of Hawaii Co. (NYSE:BOH – Get Rating) – Equities researchers at DA Davidson reduced their Q1 2023 earnings per share (EPS) estimates for shares of Bank of Hawaii in a note issued to investors on Wednesday, April 5th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $1.31 per share for the quarter, down from their previous estimate of $1.32. The consensus estimate for Bank of Hawaii’s current full-year earnings is $4.83 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2023 earnings at $5.30 EPS and FY2024 earnings at $5.00 EPS.

Several other equities research analysts also recently weighed in on BOH. Compass Point downgraded Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Tuesday, January 24th. TheStreet downgraded Bank of Hawaii from a “b-” rating to a “c+” rating in a report on Tuesday. Finally, StockNews.com started coverage on Bank of Hawaii in a report on Thursday, March 16th. They set a “sell” rating on the stock.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $50.37 on Thursday. The stock’s 50-day moving average is $66.06 and its two-hundred day moving average is $73.67. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.65 and a quick ratio of 0.65. Bank of Hawaii has a 1-year low of $34.71 and a 1-year high of $85.45. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97.

Bank of Hawaii (NYSE:BOH – Get Rating) last posted its quarterly earnings data on Monday, January 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.08. Bank of Hawaii had a return on equity of 19.31% and a net margin of 29.91%. The firm had revenue of $213.49 million for the quarter, compared to the consensus estimate of $181.09 million. During the same quarter in the previous year, the business earned $1.55 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Bank of Hawaii by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,977,581 shares of the bank’s stock valued at $302,774,000 after purchasing an additional 49,163 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Bank of Hawaii by 8.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,318,241 shares of the bank’s stock valued at $179,698,000 after buying an additional 173,594 shares in the last quarter. State Street Corp boosted its stake in shares of Bank of Hawaii by 10.9% in the first quarter. State Street Corp now owns 1,777,119 shares of the bank’s stock valued at $149,136,000 after buying an additional 174,889 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Bank of Hawaii by 9.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 978,924 shares of the bank’s stock valued at $75,925,000 after buying an additional 82,191 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Bank of Hawaii by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 900,193 shares of the bank’s stock valued at $69,819,000 after buying an additional 9,133 shares in the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.

Insider Transactions at Bank of Hawaii

In related news, CEO Peter S. Ho sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $76.40, for a total transaction of $534,800.00. Following the transaction, the chief executive officer now owns 226,681 shares in the company, valued at approximately $17,318,428.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.11% of the company’s stock.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 28th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.56%. The ex-dividend date was Monday, February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 51.09%.

About Bank of Hawaii

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Bank of Hawaii Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers financial products and services, including loan, deposit and insurance products, private banking and international client banking services, trust services, investment management, and institutional investment advisory services.