Jefferies Maintains a 'Hold' on Bank of Hawaii (BOH); Raising Numbers After Solid Q1
Tweet
Share
E-mailGet Alerts BOH Hot Sheet
Price: $77.50 -0.12%
Rating Summary:
2 Buy, 10 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 10 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies maintains a 'Hold' on Bank of Hawaii (NYSE: BOH) price target raised from $46 to $50.
Analyst, Casey Haire, said, "Solid 1Q results handily beat our estimate thanks to NIM expansion and lighter-than-expected credit costs. NIM expansion is unsustainable going forward, but de minimus credit costs appears likely and efficiency initiatives are just beginning to bear fruit. We raise estimates accordingly and no longer have concerns about negative revision risk, but valuation metrics (14x 2012 EPS) limit upside, in our view."
"We raise our 2012/2013 estimates to $3.55/$3.70 (from $3.10/$3.30), with the key deltas being a higher starting point for NIM and lower provisions."
For an analyst ratings summary and ratings history on Bank of Hawaii click here. For more ratings news on Bank of Hawaii click here.
Shares of Bank of Hawaii closed at $48.11 yesterday.
Analyst, Casey Haire, said, "Solid 1Q results handily beat our estimate thanks to NIM expansion and lighter-than-expected credit costs. NIM expansion is unsustainable going forward, but de minimus credit costs appears likely and efficiency initiatives are just beginning to bear fruit. We raise estimates accordingly and no longer have concerns about negative revision risk, but valuation metrics (14x 2012 EPS) limit upside, in our view."
"We raise our 2012/2013 estimates to $3.55/$3.70 (from $3.10/$3.30), with the key deltas being a higher starting point for NIM and lower provisions."
For an analyst ratings summary and ratings history on Bank of Hawaii click here. For more ratings news on Bank of Hawaii click here.
Shares of Bank of Hawaii closed at $48.11 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Ferrovial SA (FER:SM) (FRRVF) Reiterated at Buy by UBS on Winning Bid For Tennessee Project
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
