DA Davidson Increases Earnings Estimates for Bank of Hawaii

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) - Investment analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of Bank of Hawaii in a research note issued on Tuesday, July 29th. DA Davidson analyst J. Rulis now expects that the bank will earn $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 (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $177.82 million. During the same quarter last year, the business posted $0.81 EPS.

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

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock traded down $0.60 during trading on Wednesday, reaching $61.28. 619,144 shares of the company's stock were exchanged, compared to its average volume of 432,955. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.71 and a current ratio of 0.70. Bank of Hawaii has a 1-year low of $57.44 and a 1-year high of $82.70. The company has a market cap of $2.44 billion, a P/E ratio of 16.08, a PEG ratio of 1.00 and a beta of 0.80. The firm's 50-day moving average price is $66.95 and its 200 day moving average price is $68.31.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, August 29th. Bank of Hawaii's payout ratio is presently 73.49%.

Institutional Investors Weigh In On Bank of Hawaii

A number of institutional investors have recently added to or reduced their stakes in BOH. Versant Capital Management Inc raised its position 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 purchasing an additional 174 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Bank of Hawaii by 18,333.3% in the first quarter. Private Trust Co. NA now owns 553 shares of the bank's stock valued at $38,000 after buying an additional 550 shares during the period. Golden State Wealth Management LLC raised its position in shares of Bank of Hawaii by 110.5% during the first 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 acquired a new position in shares of Bank of Hawaii in the first quarter worth approximately $41,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Bank of Hawaii in the fourth quarter valued at approximately $49,000. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Company Profile

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.