Bank of Hawaii Co. (NYSE:BOH) Forecasted to Earn Q3 2024 Earnings of $0.84 Per Share

Bank of Hawaii Co. (NYSE:BOH) – Equities researchers at Zacks Research dropped their Q3 2024 EPS estimates for shares of Bank of Hawaii in a note issued to investors on Thursday, July 18th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $0.84 per share for the quarter, down from their previous estimate of $0.88. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Bank of Hawaii’s FY2024 earnings at $3.41 EPS, Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $3.62 EPS and Q1 2026 earnings at $0.95 EPS.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The firm had revenue of $255.62 million for the quarter, compared to the consensus estimate of $157.12 million. During the same quarter in the previous year, the company earned $1.12 EPS.

BOH has been the topic of a number of other reports. Barclays dropped their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research note on Thursday, May 30th. Finally, Piper Sandler lifted their target price on shares of Bank of Hawaii from $58.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, Bank of Hawaii has a consensus rating of “Reduce” and a consensus price target of $58.50.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $68.33 on Monday. The firm has a market cap of $2.71 billion, a PE ratio of 17.61 and a beta of 1.06. Bank of Hawaii has a 12-month low of $45.56 and a 12-month high of $75.19. The company’s fifty day simple moving average is $58.67 and its 200 day simple moving average is $60.51. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Bank of Hawaii in the fourth quarter worth $41,000. Quest Partners LLC acquired a new stake in Bank of Hawaii in the fourth quarter worth about $41,000. Strs Ohio acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth about $50,000. Clearbridge Investments LLC acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth about $217,000. Finally, Crestwood Advisors Group LLC acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth about $227,000. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, August 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.10%. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

About Bank of Hawaii

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.