Shares of Bank of Hawaii Corporation (NYSE:BOH) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $84.75.

BOH has been the topic of several analyst reports. Zacks Investment Research downgraded Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Morgan Stanley lifted their target price on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the company an “underweight” rating in a research note on Tuesday, June 6th. BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $83.00 target price (up from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th.

Several institutional investors have recently bought and sold shares of BOH. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bank of Hawaii Corporation by 30.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock worth $126,000 after purchasing an additional 355 shares in the last quarter. Creative Planning boosted its position in Bank of Hawaii Corporation by 4.2% during the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock worth $134,000 after purchasing an additional 65 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in Bank of Hawaii Corporation by 0.6% during the second quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock worth $206,000 after purchasing an additional 14 shares in the last quarter. World Asset Management Inc boosted its position in Bank of Hawaii Corporation by 0.7% during the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock worth $216,000 after purchasing an additional 18 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Bank of Hawaii Corporation during the first quarter worth $234,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.

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Bank of Hawaii Corporation (NYSE:BOH) traded up 0.45% during midday trading on Tuesday, reaching $78.48. The company’s stock had a trading volume of 105,393 shares. The stock’s 50 day moving average is $81.36 and its 200 day moving average is $81.66. Bank of Hawaii Corporation has a 12-month low of $70.12 and a 12-month high of $90.80. The stock has a market cap of $3.35 billion, a P/E ratio of 18.34 and a beta of 0.97.

Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. The company had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. Analysts anticipate that Bank of Hawaii Corporation will post $4.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.65%. Bank of Hawaii Corporation’s payout ratio is 48.48%.

Bank of Hawaii Corporation Company Profile

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 products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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