Research Analysts Offer Predictions for Bank of Hawaii Co.’s Q2 2024 Earnings (NYSE:BOH)

Bank of Hawaii Co. (NYSE:BOH) – Research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Bank of Hawaii in a research report issued on Tuesday, April 23rd. DA Davidson analyst J. Rulis anticipates that the bank will post earnings per share of $0.87 for the quarter. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.72 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2024 earnings at $3.50 EPS and FY2025 earnings at $3.70 EPS.

A number of other research analysts have also weighed in on BOH. Barclays decreased their price objective on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday. Piper Sandler reduced their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a report on Tuesday. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group cut their price objective on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $52.20.

Bank of Hawaii Trading Down 0.4 %

Shares of BOH stock opened at $58.20 on Wednesday. The stock’s fifty day moving average is $60.41 and its two-hundred day moving average is $60.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $2.31 billion, a P/E ratio of 15.00, a PEG ratio of 1.96 and a beta of 1.06. Bank of Hawaii has a fifty-two week low of $30.83 and a fifty-two week high of $75.19.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The firm had revenue of $252.64 million during the quarter, compared to analysts’ expectations of $160.79 million. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. During the same quarter in the previous year, the business posted $1.14 EPS.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in Bank of Hawaii during the fourth quarter worth approximately $8,952,000. FMR LLC lifted its stake in Bank of Hawaii by 56.4% during the third quarter. FMR LLC now owns 53,998 shares of the bank’s stock worth $2,683,000 after purchasing an additional 19,480 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Bank of Hawaii by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,092 shares of the bank’s stock worth $55,558,000 after purchasing an additional 39,512 shares during the last quarter. North Reef Capital Management LP purchased a new stake in Bank of Hawaii during the third quarter worth approximately $8,479,000. Finally, Envestnet Asset Management Inc. lifted its stake in Bank of Hawaii by 47.1% during the third quarter. Envestnet Asset Management Inc. now owns 147,749 shares of the bank’s stock worth $7,342,000 after purchasing an additional 47,282 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Friday, May 31st. Bank of Hawaii’s payout ratio is 72.16%.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.