Bank of Hawaii Corporation (BOH) Given Coverage Optimism Score of 0.16
Media stories about Bank of Hawaii Corporation (NYSE:BOH) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bank of Hawaii Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.8886898882269 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. BidaskClub lowered shares of Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Morgan Stanley reiterated an “underweight” rating and set a $77.00 price target (up from $75.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 4th. Jefferies Group LLC reiterated a “hold” rating and set a $92.00 price target on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $88.00 price target on shares of Bank of Hawaii Corporation in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Bank of Hawaii Corporation currently has an average rating of “Hold” and a consensus price target of $87.92.
Shares of Bank of Hawaii Corporation (NYSE BOH) opened at $79.47 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.66 and a current ratio of 0.66. Bank of Hawaii Corporation has a one year low of $74.72 and a one year high of $90.80. The firm has a market cap of $3,376.20, a P/E ratio of 18.27, a P/E/G ratio of 2.11 and a beta of 0.96.
Bank of Hawaii Corporation (NYSE:BOH) last released its earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.08. Bank of Hawaii Corporation had a net margin of 27.27% and a return on equity of 15.45%. The firm had revenue of $158.73 million for the quarter, compared to analyst estimates of $163.29 million. During the same period in the prior year, the firm earned $1.02 earnings per share. analysts predict that Bank of Hawaii Corporation will post 4.42 EPS for the current fiscal year.
Bank of Hawaii Corporation announced that its board has authorized a share buyback program on Monday, October 23rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.62%. Bank of Hawaii Corporation’s payout ratio is 47.82%.
In related news, insider Donna A. Tanoue sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total transaction of $461,280.00. Following the sale, the insider now directly owns 9,969 shares in the company, valued at $766,416.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donna A. Tanoue sold 4,050 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the sale, the insider now owns 9,969 shares in the company, valued at $759,139.35. 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. Insiders own 2.16% of the company’s stock.
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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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