DA Davidson Weighs in on Bank of Hawaii Q4 Earnings

Bank of Hawaii Co. (NYSE:BOH - Free Report) - Stock analysts at DA Davidson issued their Q4 2024 earnings estimates for Bank of Hawaii in a research note issued to investors on Tuesday, October 29th. DA Davidson analyst J. Rulis anticipates that the bank will post earnings of $0.91 per share for the quarter. DA Davidson has a "Neutral" rating and a $74.00 price target on the stock. The consensus estimate for Bank of Hawaii's current full-year earnings is $3.40 per share.

Several other equities research analysts have also issued reports on BOH. Barclays increased their price objective on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective on shares of Bank of Hawaii from $67.00 to $74.00 and gave the company a "market perform" rating in a research note on Tuesday. Jefferies Financial Group raised their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a "hold" rating in a research report on Wednesday, July 3rd. Finally, Piper Sandler lifted their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $64.80.

Bank of Hawaii Trading Down 0.2 %

Shares of NYSE:BOH traded down $0.16 during trading on Wednesday, reaching $72.63. The stock had a trading volume of 70,413 shares, compared to its average volume of 318,827. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.89 billion, a P/E ratio of 21.86, a PEG ratio of 7.30 and a beta of 1.05. Bank of Hawaii has a fifty-two week low of $48.83 and a fifty-two week high of $75.19. The business has a fifty day moving average price of $65.15 and a 200-day moving average price of $61.92.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The company had revenue of $265.76 million during the quarter, compared to analysts' expectations of $160.29 million. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. During the same quarter in the previous year, the business posted $1.17 earnings per share.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, November 29th. Bank of Hawaii's dividend payout ratio (DPR) is currently 84.08%.

Hedge Funds Weigh In On Bank of Hawaii

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of Bank of Hawaii by 299.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 44,694 shares of the bank's stock valued at $2,788,000 after purchasing an additional 33,495 shares in the last quarter. SG Americas Securities LLC bought a new stake in Bank of Hawaii during the 1st quarter worth approximately $696,000. TIAA Trust National Association bought a new stake in Bank of Hawaii during the 1st quarter worth approximately $2,357,000. Quantbot Technologies LP bought a new stake in Bank of Hawaii during the 1st quarter worth approximately $1,664,000. Finally, Swedbank AB increased its stake in Bank of Hawaii by 3.6% during the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank's stock worth $41,477,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 82.18% of the company's stock.

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.