Zacks Research Cuts Earnings Estimates for Bank of Hawaii

Bank of Hawaii Co. (NYSE:BOH - Free Report) - Equities researchers at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for Bank of Hawaii in a research report issued to clients and investors on Friday, October 25th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $0.80 per share for the quarter, down from their prior forecast of $0.82. The consensus estimate for Bank of Hawaii's current full-year earnings is $3.40 per share. Zacks Research also issued estimates for Bank of Hawaii's Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.85 EPS, FY2025 earnings at $3.23 EPS and Q2 2026 earnings at $0.90 EPS.

A number of other equities research analysts also recently commented on BOH. Keefe, Bruyette & Woods raised Bank of Hawaii from an "underperform" rating to a "market perform" rating and lifted their price objective for the company from $60.00 to $67.00 in a research report on Wednesday, October 2nd. DA Davidson lifted their target price on Bank of Hawaii from $63.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Piper Sandler cut Bank of Hawaii from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $70.00 to $61.00 in a report on Monday, August 12th. Finally, Jefferies Financial Group lifted their target price on Bank of Hawaii from $53.00 to $54.00 and gave the company a "hold" rating in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $60.40.

Bank of Hawaii Trading Up 9.6 %

Shares of NYSE:BOH traded up $6.36 during midday trading on Monday, reaching $72.39. The company's stock had a trading volume of 749,036 shares, compared to its average volume of 319,632. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 7.30 and a beta of 1.05. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Bank of Hawaii has a 1 year low of $48.83 and a 1 year high of $75.19. The business has a 50 day moving average price of $64.85 and a 200 day moving average price of $61.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in Bank of Hawaii by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank's stock worth $93,533,000 after buying an additional 189,878 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Bank of Hawaii by 14.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock valued at $45,167,000 after acquiring an additional 98,465 shares during the period. Swedbank AB increased its position in Bank of Hawaii by 3.6% in the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank's stock valued at $41,477,000 after acquiring an additional 25,000 shares during the period. American Century Companies Inc. boosted its stake in Bank of Hawaii by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank's stock valued at $38,652,000 after purchasing an additional 54,078 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Bank of Hawaii by 0.5% during the 2nd quarter. Natixis Advisors LLC now owns 295,878 shares of the bank's stock valued at $16,927,000 after purchasing an additional 1,522 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company's stock.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.87%. Bank of Hawaii's dividend payout ratio is presently 78.43%.

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.