Bank of Hawaii Corp. (BOH) Receives $70.57 Consensus Price Target from Brokerages
Bank of Hawaii Corp. (NYSE:BOH) has been given an average recommendation of “Hold” by the eight brokerages that are presently covering the firm. Eight analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is $70.57.
A number of research analysts have recently commented on BOH shares. Zacks Investment Research raised shares of Bank of Hawaii Corp. from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Monday, October 10th. Barclays PLC increased their target price on shares of Bank of Hawaii Corp. from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 25th. Finally, Compass Point started coverage on shares of Bank of Hawaii Corp. in a report on Thursday, August 11th. They issued a “neutral” rating and a $69.00 target price for the company.
Bank of Hawaii Corp. (NYSE:BOH) opened at 85.84 on Tuesday. The company’s 50-day moving average is $77.38 and its 200 day moving average is $71.83. Bank of Hawaii Corp. has a 1-year low of $54.55 and a 1-year high of $88.43. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 20.44 and a beta of 0.87.
Bank of Hawaii Corp. (NYSE:BOH) last posted its quarterly earnings data on Monday, October 24th. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.03. Bank of Hawaii Corp. had a net margin of 27.91% and a return on equity of 15.80%. During the same quarter in the previous year, the business earned $0.79 earnings per share. On average, equities analysts predict that Bank of Hawaii Corp. will post $4.23 EPS for the current fiscal 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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, November 28th. Bank of Hawaii Corp.’s dividend payout ratio is currently 45.71%.
In other news, Director Barbara J. Tanabe sold 3,550 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $73.88, for a total value of $262,274.00. Following the completion of the transaction, the director now owns 7,974 shares of the company’s stock, valued at $589,119.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.52% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BB&T Corp increased its stake in Bank of Hawaii Corp. by 751.5% in the second quarter. BB&T Corp now owns 51,143 shares of the company’s stock worth $3,518,000 after buying an additional 45,137 shares in the last quarter. Retirement Systems of Alabama increased its stake in Bank of Hawaii Corp. by 7.5% in the second quarter. Retirement Systems of Alabama now owns 186,371 shares of the company’s stock worth $12,822,000 after buying an additional 13,039 shares in the last quarter. Penobscot Investment Management Company Inc. purchased a new stake in Bank of Hawaii Corp. during the second quarter worth $321,000. Vanguard Group Inc. increased its stake in Bank of Hawaii Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 3,179,039 shares of the company’s stock worth $218,717,000 after buying an additional 97,065 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Bank of Hawaii Corp. by 2.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 39,082 shares of the company’s stock worth $2,669,000 after buying an additional 946 shares in the last quarter. 77.33% of the stock is owned by institutional investors.
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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.
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