Zacks Research Predicts Reduced Earnings for Bank of Hawaii

Key Points

• Zacks Research has lowered its Q2 2027 EPS estimate for Bank of Hawaii from $1.48 to $1.44, while the full-year earnings estimate stands at $3.97 per share.
• Bank of Hawaii's recent quarterly earnings report showed earnings per share of $1.06, exceeding the consensus estimate of $1.04, though revenue was below expectations at $174.48 million.
• The bank recently declared a quarterly dividend of $0.70 per share, reflecting a 4.1% yield and a payout ratio of 73.49%.

Bank of Hawaii Corporation (NYSE:BOH - Free Report) - Research analysts at Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for Bank of Hawaii in a research report issued on Wednesday, September 17th. Zacks Research analyst Team now forecasts that the bank will earn $1.44 per share for the quarter, down from their previous forecast of $1.48. The consensus estimate for Bank of Hawaii's current full-year earnings is $3.97 per share.

Several other brokerages have also commented on BOH. Barclays boosted their price objective on Bank of Hawaii from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Stephens cut their price objective on Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, July 29th. Finally, Piper Sandler began coverage on Bank of Hawaii in a report on Thursday, August 21st. They set a "neutral" rating and a $71.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $75.00.

Bank of Hawaii Price Performance

Shares of BOH traded up $0.81 during midday trading on Friday, hitting $66.44. 82,177 shares of the company traded hands, compared to its average volume of 423,368. The stock has a 50-day moving average of $66.17 and a 200-day moving average of $66.76. Bank of Hawaii has a one year low of $57.44 and a one year high of $82.70. The firm has a market cap of $2.64 billion, a P/E ratio of 17.44, a PEG ratio of 0.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.70 and a quick ratio of 0.70.

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

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.70 dividend. The ex-dividend date was Friday, August 29th. This represents a $2.80 dividend on an annualized basis and a yield of 4.2%. Bank of Hawaii's dividend payout ratio is 73.49%.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Bank of Hawaii by 2.7% in the first quarter. Principal Financial Group Inc. now owns 197,888 shares of the bank's stock worth $13,648,000 after purchasing an additional 5,170 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Bank of Hawaii by 18,333.3% during 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 last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Bank of Hawaii by 41.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,625 shares of the bank's stock worth $802,000 after purchasing an additional 3,433 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Bank of Hawaii by 12.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,691 shares of the bank's stock worth $806,000 after purchasing an additional 1,291 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Bank of Hawaii by 110.5% in the first quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock worth $40,000 after purchasing an additional 305 shares during 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.