Bank of Hawaii Co. (NYSE:BOH) – Jefferies Financial Group raised its second-quarter 2022 earnings estimate for Bank of Hawaii shares in a report released Tuesday, January 25. Jefferies Financial Group analyst C. Haire now expects the bank to post earnings of $1.38 per share for the quarter, up from its previous estimate of $1.32. Jefferies Financial Group currently has a “Hold” rating and a price target of $84.00 on the stock. Jefferies Financial Group also released estimates for Bank of Hawaii Q3 2022 earnings at $1.37 EPS and Q4 2022 earnings at $1.37 EPS. Bank of Hawaii Inc (NYSE:BOH) last reported quarterly results on Sunday, January 23. The bank reported EPS of $1.55 for the quarter, beating the consensus estimate of $1.35 by $0.20. Bank of Hawaii had a return on equity of 16.69% and a net margin of 33.28%. During the same quarter last year, the company achieved EPS of $1.06.
BOH opened at $88.17 on Wednesday. The company’s 50-day moving average is $85.38 and its two-hundred-day moving average is $84.25. Bank of Hawaii has a 1-year low of $75.68 and a 1-year high of $99.10. The company has a market capitalization of $3.55 billion, a PE ratio of 15.31, a growth price-earnings ratio of 2.19 and a beta of 1.23.
Hedge funds and other institutional investors have recently changed their stakes in the company. West Branch Capital LLC acquired a new stake in Bank of Hawaii in the second quarter worth approximately $25,000. Advisory Services Network LLC acquired a new stake in Bank of Hawaii in the second quarter worth approximately $46,000. Spire Wealth Management acquired a new stake in Bank of Hawaii in the fourth quarter worth approximately $49,000. Eagle Bay Advisors LLC increased its holdings in Bank of Hawaii by 59,200.0% in the third quarter. Eagle Bay Advisors LLC now owns 593 shares of the bank worth $49,000 after acquiring 592 additional shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Bank of Hawaii in the second quarter worth approximately $101,000. 71.49% of the shares are held by institutional investors and hedge funds.
In other Bank of Hawaii news, Vice Chairman Sharon M. Crofts sold 2,642 shares of Bank of Hawaii in a trade dated Thursday, October 28. The stock was sold at an average price of $84.44, for a total value of $223,090.48. The transaction was disclosed in an SEC filing, available at the SEC website. 2.02% of the shares are held by insiders.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 14. Shareholders of record on Monday, February 28 will receive a dividend of $0.70. The ex-dividend date is Friday, February 25. This represents an annualized dividend of $2.80 and a yield of 3.18%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 48.61%.
Bank of Hawaii Corporate Profile
Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, Treasury and Others. The Retail Banking segment offers financial products and services to consumers and small businesses.
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