Bank of Hawaii (BOH) Getting Somewhat Favorable Media Coverage, Study Shows
Press coverage about Bank of Hawaii (NYSE:BOH) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of Hawaii earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.6701093254438 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- $162.90 Million in Sales Expected for Bank of Hawaii Co. (BOH) This Quarter (americanbankingnews.com)
- Bank of Hawaii (BOH) Rating Increased to Buy at Compass Point (americanbankingnews.com)
- Zacks: Analysts Anticipate Bank of Hawaii Co. (BOH) Will Announce Earnings of $1.09 Per Share (americanbankingnews.com)
- ETFs with exposure to Bank of Hawaii Corp. : December 14, 2017 (finance.yahoo.com)
Bank of Hawaii (BOH) traded down $0.63 during midday trading on Wednesday, hitting $86.65. The company had a trading volume of 195,082 shares, compared to its average volume of 195,418. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3,717.73, a PE ratio of 20.12, a PEG ratio of 2.33 and a beta of 0.97. Bank of Hawaii has a 12 month low of $74.72 and a 12 month high of $90.80.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a $0.52 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.08 annualized dividend and a dividend yield of 2.40%. Bank of Hawaii’s payout ratio is presently 47.82%.
Bank of Hawaii announced that its board has initiated a stock buyback program on Monday, October 23rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Several research firms have recently commented on BOH. Jefferies Group reiterated a “hold” rating and issued a $85.00 price objective on shares of Bank of Hawaii in a report on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $88.00 price objective on shares of Bank of Hawaii in a report on Tuesday, October 24th. Zacks Investment Research downgraded Bank of Hawaii from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Morgan Stanley reiterated an “underweight” rating and issued a $77.00 price objective (up previously from $75.00) on shares of Bank of Hawaii in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $90.50 price objective on shares of Bank of Hawaii in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Bank of Hawaii currently has an average rating of “Hold” and a consensus price target of $89.75.
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About Bank of Hawaii
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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