Bank of Hawaii Corporation (BOH) Receives “Hold” Rating from Jefferies Group LLC
Bank of Hawaii Corporation (NYSE:BOH)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $85.00 target price on the bank’s stock. Jefferies Group LLC’s target price indicates a potential upside of 8.02% from the company’s previous close.
A number of other equities analysts have also commented on BOH. Zacks Investment Research upgraded Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Wednesday, May 24th. BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Barclays PLC boosted their price target on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 25th. Piper Jaffray Companies restated a “hold” rating and set a $94.00 price target on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Finally, Morgan Stanley boosted their price target 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. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Bank of Hawaii Corporation has a consensus rating of “Hold” and an average target price of $86.40.
Bank of Hawaii Corporation (BOH) traded up 1.12% on Friday, reaching $78.69. The company’s stock had a trading volume of 367,530 shares. The firm has a market capitalization of $3.35 billion, a PE ratio of 18.39 and a beta of 0.96. The stock’s 50 day moving average is $79.90 and its 200-day moving average is $81.13. Bank of Hawaii Corporation has a 52 week low of $70.40 and a 52 week high of $90.80.
Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings data on Monday, July 24th. The bank reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same period in the previous year, the company posted $1.03 earnings per share. Analysts predict that Bank of Hawaii Corporation will post $4.43 EPS for the current year.
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In related news, insider Donna A. Tanoue sold 4,050 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the transaction, the insider now directly owns 9,969 shares in the company, valued at $759,139.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donna A. Tanoue sold 1,185 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $76.86, for a total value of $91,079.10. Following the transaction, the insider now owns 15,204 shares in the company, valued at $1,168,579.44. The disclosure for this sale can be found here. Insiders have sold 11,235 shares of company stock worth $860,767 over the last 90 days. Corporate insiders own 2.16% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of BOH. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 valued at $126,000 after acquiring an additional 355 shares during the period. Crestwood Advisors Group LLC boosted its holdings 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 valued at $206,000 after purchasing an additional 14 shares in the last quarter. World Asset Management Inc boosted its holdings 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 valued at $216,000 after purchasing an additional 18 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Bank of Hawaii Corporation during the first quarter valued at approximately $234,000. Finally, Shelton Capital Management acquired a new stake in Bank of Hawaii Corporation during the second quarter valued at approximately $269,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.
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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