Wunderlich Securities is reiterating its Buy rating on Bank of Hawaii Corporation BOH, as well as its $55 price target.
“BOH reported EPS for 1Q11 of $0.88, beating the entire range of analysts' estimates, including our $0.75 estimate and consensus of $0.72,” Wunderlich Securities writes. “Even after excluding a $6.1 million pretax securities gain, we estimate core EPS of $0.80, which still beat the highest analyst estimate of $0.78 for the first quarter of 2011.”
“BOH is likely to continue driving above-average returns that are steady, predictable, and repeatable for the foreseeable future, hence our Buy recommendation on the shares.
Bank of Hawaii closed Monday at $47.39.
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