Bank of Hawaii Co. (NYSE: BOH – Get an assessment) – Equity research analysts DA Davidson raised their FY2022 EPS estimates for Bank of Hawaii in a report released Thursday, June 30. DA Davidson analyst J. Rulis now expects the bank to earn $5.60 per share for the year, up from his previous forecast of $5.50. The consensus estimate for Bank of Hawaii’s current annual earnings is $5.58 per share. DA Davidson also released earnings estimates for Bank of Hawaii for fiscal year 2023 at $6.15 EPS.

Separately, StockNews.com cut Bank of Hawaii shares from a “hold” to a “sell” rating in a Monday, May 23, report.

NYSE: BOH opened at $75.86 on Monday. Bank of Hawaii has a 52-week low of $70.97 and a 52-week high of $92.38. The stock’s 50-day moving average price is $76.01 and its 200-day moving average price is $81.78. The company has a market capitalization of $3.06 billion, a PE ratio of 12.50, a P/E/G ratio of 1.71 and a beta of 1.13.

Bank of Hawaii (NYSE: BOH – Get an assessment) last released its quarterly earnings data on Monday, April 25. The bank reported earnings per share (EPS) of $1.32 for the quarter, beating the consensus estimate of $1.22 by $0.10. Bank of Hawaii had a net margin of 35.44% and a return on equity of 17.99%. The company posted revenue of $168.81 million in the quarter, versus a consensus estimate of $169.30 million. In the same quarter a year earlier, the company posted earnings per share of $1.50.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 14. Investors of record on Tuesday, May 31 received a dividend of $0.70 per share. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Friday, May 27. Bank of Hawaii’s dividend payout ratio is currently 46.13%.

In other Bank of Hawaii news, CEO Peter S.Ho sold 5,500 shares of the company in a transaction that took place on Tuesday, May 10. The stock was sold at an average price of $74.51, for a total transaction of $409,805.00. Following the completion of the sale, the CEO now directly owns 244,681 shares of the company, valued at approximately $18,231,181.31. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders own 2.06% of the shares of the company.

Major investors have recently changed their stake in the company. Vanguard Group Inc. increased its stake in Bank of Hawaii shares by 0.9% in Q1. Vanguard Group Inc. now owns 3,877,869 shares of the bank valued at $325,431,000 after purchasing an additional 36,389 shares last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings of Bank of Hawaii shares by 0.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,712,951 shares of the bank worth $227,238,000 after buying 15,600 additional shares in the last quarter. State Street Corp increased its stake in Bank of Hawaii by 10.9% in the first quarter. State Street Corp now owns 1,777,119 shares of the bank valued at $149,136,000 after acquiring an additional 174,889 shares in the last quarter. Victory Capital Management Inc. increased its position in Bank of Hawaii by 4.1% during the first quarter. Victory Capital Management Inc. now owns 1,549,808 shares of the bank valued at $129,969,000 after acquiring an additional 61,520 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Bank of Hawaii shares by 3.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 807,915 shares of the bank worth $67,671,000 after purchasing an additional 24,285 shares during the period. 71.07% of the shares are currently held by institutional investors and hedge funds.

About Bank of Hawaii (Get an assessment)

Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which 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 Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; banking, investment, credit and trust services to individuals and families, and high net worth individuals; investment management; institutional investment advisory services to corporations, government entities and foundations; and brokerage offerings, including stocks, mutual funds, life insurance and annuity products.

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