Bank of Hawaii Corporation (BOH) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $1.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.93. The company posted revenue of $150.10 million in the period, compared to analysts expectations of $148.07 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
Many Wall Street Analysts have commented on Bank of Hawaii Corporation. Piper Jaffray Initiated Bank of Hawaii Corporation on Jul 8, 2016 to “Neutral”, Price Target of the shares are set at $70.
Bank of Hawaii Corporation closed down -0.22 points or -0.32% at $69.47 with 1,04,540 shares getting traded on Wednesday. Post opening the session at $70, the shares hit an intraday low of $69.31 and an intraday high of $70.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 28, 2016, Barbara J Tanabe (director) sold 725 shares at $69.43 per share price. According to the SEC, on Mar 7, 2016, Peter S Ho (Chairman, CEO and President) sold 381 shares at $67.66 per share price. On Mar 3, 2016, Michael J Chun (director) sold 1,134 shares at $66.62 per share price, according to the Form-4 filing with the securities and exchange commission.
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking Commercial Banking Investment Services and Treasury and Other. Its Retail Banking segment offers a range of financial products and services to consumers and small businesses. Its Commercial Banking segment offers products including corporate banking commercial real estate loans commercial lease financing auto dealer financing and deposit products. Its Investment Services segment offers private banking trust services investment management and institutional investment advisory services. The Company’s Treasury and Other segment consists of corporate asset and liability management activities including interest rate risk management and a foreign currency exchange business.