Zacks Research Reduces Earnings Estimates 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) - Equities researchers at Zacks Research lowered their Q2 2027 earnings estimates for shares of Bank of Hawaii in a report issued on Wednesday, September 17th. Zacks Research analyst Team now anticipates that the bank will post earnings of $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.

Other equities analysts also recently issued research reports about the stock. Piper Sandler began coverage on shares of Bank of Hawaii in a research report on Thursday, August 21st. They set a "neutral" rating and a $71.00 price objective for the company. Stephens decreased 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 research report on Tuesday, July 29th. Finally, Barclays increased their price target 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. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Bank of Hawaii has a consensus rating of "Hold" and a consensus price target of $75.00.

Bank of Hawaii Trading Down 2.1%

BOH stock traded down $1.41 during mid-day trading on Friday, hitting $66.57. 1,066,314 shares of the company were exchanged, compared to its average volume of 368,092. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.65 billion, a P/E ratio of 17.47, a PEG ratio of 0.86 and a beta of 0.84. The business has a fifty day simple moving average of $66.25 and a 200-day simple moving average of $66.80. Bank of Hawaii has a 12-month low of $57.44 and a 12-month high of $82.70.

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

Bank of Hawaii Dividend Announcement

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

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Bank of Hawaii by 2.7% in the 1st 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 raised its stake in 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 purchasing an additional 550 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Bank of Hawaii by 41.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,625 shares of the bank's stock worth $802,000 after acquiring an additional 3,433 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Bank of Hawaii by 12.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,691 shares of the bank's stock valued at $806,000 after acquiring an additional 1,291 shares during the period. Finally, Golden State Wealth Management LLC increased 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 valued at $40,000 after purchasing an additional 305 shares during the period. 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.