Bank of Hawaii Corp. (NYSE:BOH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company’s principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. “

A number of other brokerages have also issued reports on BOH. Barclays PLC reiterated an “equal weight” rating and set a $66.00 price target on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. DA Davidson boosted their price target on Bank of Hawaii Corp. from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 26th. Compass Point initiated coverage on Bank of Hawaii Corp. in a research report on Thursday, August 11th. They set a “neutral” rating and a $69.00 price target for the company. RBC Capital Markets reiterated a “sector perform” rating and set a $72.00 price target (up previously from $68.00) on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. Finally, Royal Bank Of Canada boosted their price target on Bank of Hawaii Corp. from $68.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 26th. Eight equities research analysts have rated the stock with a hold rating, Bank of Hawaii Corp. presently has a consensus rating of “Hold” and an average target price of $72.13.

Analyst Recommendations for Bank of Hawaii Corp. (NYSE:BOH)

Shares of Bank of Hawaii Corp. (NYSE:BOH) opened at 85.01 on Thursday. The stock has a market cap of $3.63 billion, a PE ratio of 20.24 and a beta of 0.87. Bank of Hawaii Corp. has a 52-week low of $54.55 and a 52-week high of $85.32. The company’s 50-day moving average price is $74.35 and its 200-day moving average price is $70.83.

Bank of Hawaii Corp. (NYSE:BOH) last issued its quarterly earnings data on Monday, October 24th. The company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.03. Bank of Hawaii Corp. had a return on equity of 15.80% and a net margin of 27.91%. During the same quarter in the prior year, the company posted $0.79 earnings per share. Analysts expect that Bank of Hawaii Corp. will post $4.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th will be issued a $0.48 dividend. The ex-dividend date is Monday, November 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.26%. Bank of Hawaii Corp.’s dividend payout ratio (DPR) is 45.71%.

In other news, Director Barbara J. Tanabe sold 3,550 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $73.88, for a total transaction of $262,274.00. Following the sale, the director now directly owns 7,974 shares of the company’s stock, valued at $589,119.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.52% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Bank of Hawaii Corp. by 38.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,492 shares of the company’s stock worth $109,000 after buying an additional 413 shares during the period. Creative Planning raised its stake in shares of Bank of Hawaii Corp. by 1,057.8% in the third quarter. Creative Planning now owns 1,563 shares of the company’s stock worth $114,000 after buying an additional 1,428 shares during the period. Victory Capital Management Inc. raised its stake in shares of Bank of Hawaii Corp. by 77.6% in the second quarter. Victory Capital Management Inc. now owns 1,717 shares of the company’s stock worth $118,000 after buying an additional 750 shares during the period. Advisor Group Inc. bought a new stake in shares of Bank of Hawaii Corp. during the second quarter worth about $140,000. Finally, Liberty Capital Management Inc. bought a new stake in shares of Bank of Hawaii Corp. during the third quarter worth about $173,000. 76.14% of the stock is currently owned by institutional investors.

About Bank of Hawaii Corp.

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.

5 Day Chart for NYSE:BOH

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