Zacks Research Forecasts Reduced Earnings for Bank of Hawaii

Bank of Hawaii Co. (NYSE:BOH) – Stock analysts at Zacks Research decreased their Q3 2024 earnings per share (EPS) estimates for shares of Bank of Hawaii in a note issued to investors on Friday, October 25th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $0.80 for the quarter, down from their prior estimate of $0.82. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.40 per share. Zacks Research also issued estimates for Bank of Hawaii’s Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.85 EPS, FY2025 earnings at $3.23 EPS and Q2 2026 earnings at $0.90 EPS.

Several other analysts also recently commented on the company. Jefferies Financial Group raised their target price on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Piper Sandler raised their target price on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday. Barclays raised their target price on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, DA Davidson raised their target price on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target of $64.80.

Bank of Hawaii Stock Performance

Shares of BOH opened at $72.78 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50-day moving average of $65.15 and a 200-day moving average of $61.92. The company has a market cap of $2.89 billion, a PE ratio of 21.86, a P/E/G ratio of 7.30 and a beta of 1.05. Bank of Hawaii has a one year low of $48.83 and a one year high of $75.19.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The firm had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. During the same period last year, the business posted $1.17 EPS.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.85%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 84.08%.

Hedge Funds Weigh In On Bank of Hawaii

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bank of Hawaii during the 2nd quarter worth approximately $106,000. Point72 DIFC Ltd bought a new position in shares of Bank of Hawaii during the 2nd quarter worth approximately $119,000. UMB Bank n.a. lifted its position in shares of Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after buying an additional 2,644 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Bank of Hawaii during the 2nd quarter worth approximately $172,000. Finally, Cadinha & Co. LLC bought a new position in shares of Bank of Hawaii during the 3rd quarter worth approximately $218,000. Institutional investors and hedge funds 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.