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

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. “

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and set a $85.00 price target on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Barclays PLC reissued an “equal weight” rating and set a $83.00 price target (up from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Piper Jaffray Companies reissued a “hold” rating and set a $94.00 price target on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 26th. Finally, Morgan Stanley reissued an “underweight” rating and set a $77.00 price target (up from $75.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, October 4th. 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 currently has a consensus rating of “Hold” and a consensus price target of $87.20.

Bank of Hawaii Corporation (NYSE BOH) traded down 1.064% during trading on Wednesday, reaching $84.145. 66,807 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $80.33 and a 200-day moving average price of $81.00. The firm has a market cap of $3.59 billion, a PE ratio of 19.660 and a beta of 0.99. Bank of Hawaii Corporation has a 12 month low of $71.78 and a 12 month high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last issued 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 net margin of 27.28% and a return on equity of 15.45%. The firm had revenue of $157.52 million for the quarter, compared to analysts’ expectations of $157.76 million. During the same period in the previous year, the firm posted $1.03 EPS. On average, analysts forecast that Bank of Hawaii Corporation will post $4.43 earnings per share for the current fiscal year.

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In other news, insider Donna A. Tanoue sold 1,185 shares of the company’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 sale, the insider now directly owns 15,204 shares of the company’s stock, valued at approximately $1,168,579.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Donna A. Tanoue sold 4,050 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the sale, the insider now directly owns 9,969 shares in the company, valued at $759,139.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,235 shares of company stock worth $860,767. 2.16% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Bank of Hawaii Corporation by 11,412.9% in the 1st quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock valued at $479,514,000 after purchasing an additional 5,771,608 shares during the period. Vanguard Group Inc. raised its holdings in shares of Bank of Hawaii Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,671,470 shares of the bank’s stock valued at $304,622,000 after purchasing an additional 75,570 shares during the period. State Street Corp raised its holdings in shares of Bank of Hawaii Corporation by 17.3% in the 1st quarter. State Street Corp now owns 1,994,913 shares of the bank’s stock valued at $164,305,000 after purchasing an additional 294,607 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Bank of Hawaii Corporation by 9.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,208,500 shares of the bank’s stock valued at $100,270,000 after purchasing an additional 101,583 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Bank of Hawaii Corporation by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,030,384 shares of the bank’s stock valued at $85,492,000 after purchasing an additional 20,389 shares during the period. 75.61% of the stock is currently owned by institutional investors.

About Bank of Hawaii Corporation

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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