Bank of Hawaii FY2024 EPS Forecast Boosted by DA Davidson

Bank of Hawaii Co. (NYSE:BOH) – DA Davidson upped their FY2024 earnings per share estimates for shares of Bank of Hawaii in a research report issued to clients and investors on Tuesday, October 29th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $3.57 for the year, up from their previous estimate of $3.40. DA Davidson currently has a “Neutral” rating and a $74.00 target price on the stock. The consensus estimate for Bank of Hawaii’s current full-year earnings is $3.57 per share. DA Davidson also issued estimates for Bank of Hawaii’s FY2025 earnings at $3.70 EPS.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The business had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. During the same quarter last year, the company earned $1.17 EPS.

Several other equities research analysts have also weighed in on BOH. Barclays raised their target price on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Piper Sandler lifted their price target on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.80.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $72.37 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii has a fifty-two week low of $51.07 and a fifty-two week high of $75.19. The firm has a market capitalization of $2.88 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 7.61 and a beta of 1.05. The stock’s 50-day simple moving average is $65.55 and its 200-day simple moving average is $62.16.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, October 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.87%. The ex-dividend date is Tuesday, October 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

Insider Activity

In other news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the transaction, the insider now owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.11% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bank of Hawaii during the second quarter worth $106,000. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii in the second quarter worth $119,000. UMB Bank n.a. raised its holdings in shares of Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after acquiring an additional 2,644 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Bank of Hawaii in the second quarter worth $172,000. Finally, Bridges Investment Management Inc. acquired a new position in shares of Bank of Hawaii in the second quarter worth $205,000. 82.18% of the stock is currently owned by hedge funds and other 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.