DA Davidson Increases Earnings Estimates for Bank of Hawaii

Bank of Hawaii Co. (NYSE:BOH) – Equities researchers at DA Davidson raised their FY2025 earnings estimates for Bank of Hawaii in a report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $3.79 per share for the year, up from their previous estimate of $3.70. 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 $3.52 per share.

Several other equities analysts also recently issued reports on BOH. Keefe, Bruyette & Woods raised their price target on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Barclays raised their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Stephens started coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target on the stock. Finally, Piper Sandler raised their price objective on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $71.83.

Bank of Hawaii Stock Up 1.8 %

Shares of NYSE BOH opened at $69.45 on Friday. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $2.76 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 4.86 and a beta of 1.03. The company has a 50 day simple moving average of $74.09 and a 200 day simple moving average of $66.61.

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

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 4.03%. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Insider Transactions at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction 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 directly owns 13,717 shares in the company, valued at $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOH. State Street Corp increased its position in shares of Bank of Hawaii by 5.0% during the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock worth $140,897,000 after acquiring an additional 106,717 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Bank of Hawaii by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock worth $93,533,000 after purchasing an additional 189,878 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Hawaii by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock worth $94,872,000 after purchasing an additional 35,187 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Bank of Hawaii by 1.2% in the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after purchasing an additional 10,357 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bank of Hawaii by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock valued at $45,167,000 after buying an additional 98,465 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

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.