FY2025 EPS Estimates for Bank of Hawaii Lifted by Analyst

Key Points

• DA Davidson has raised their FY2025 earnings per share (EPS) estimate for Bank of Hawaii to $4.55, slightly up from the previous forecast of $4.50, indicating a positive outlook for the bank's performance.
• Bank of Hawaii reported quarterly earnings of $1.06 per share, exceeding the consensus estimate of $1.04, while quarterly revenue was slightly below expectations at $174.48 million.
• The bank declared a dividend of $0.70 per share to be paid on September 15, reflecting an annualized yield of 4.47% and a dividend payout ratio of 78.65%.

Bank of Hawaii Corporation (NYSE:BOH - Free Report) - Research analysts at DA Davidson upped their FY2025 earnings estimates for Bank of Hawaii in a note issued to investors on Tuesday, July 29th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $4.55 per share for the year, up from their prior estimate of $4.50. The consensus estimate for Bank of Hawaii's current full-year earnings is $3.97 per share.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.02. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. The business had revenue of $174.48 million during the quarter, compared to the consensus estimate of $177.82 million. During the same period in the previous year, the firm posted $0.81 earnings per share.

Other research analysts have also recently issued research reports about the stock. Stephens reduced their price target on shares of Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, July 29th. Barclays upped their price target on shares of Bank of Hawaii from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $74.40.

Bank of Hawaii Trading Down 1.0%

NYSE:BOH traded down $0.60 during trading hours on Wednesday, hitting $61.28. The stock had a trading volume of 619,144 shares, compared to its average volume of 432,955. Bank of Hawaii has a one year low of $57.44 and a one year high of $82.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.71 and a current ratio of 0.70. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.99 and a beta of 0.80. The business's 50 day moving average is $66.95 and its 200-day moving average is $68.29.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, August 29th. Bank of Hawaii's dividend payout ratio (DPR) is presently 73.49%.

Institutional Investors Weigh In On Bank of Hawaii

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its holdings in Bank of Hawaii by 80.2% during the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock worth $27,000 after acquiring an additional 174 shares during the last quarter. Private Trust Co. NA grew its holdings in Bank of Hawaii by 18,333.3% during the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after acquiring an additional 550 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Bank of Hawaii by 110.5% during the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock worth $40,000 after acquiring an additional 305 shares during the last quarter. Strs Ohio bought a new stake in Bank of Hawaii during the 1st quarter worth approximately $41,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Bank of Hawaii during the 4th quarter worth approximately $49,000. 82.18% of the stock is owned by institutional investors.

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.