Bank of Hawaii Co. (NYSE:BOH) Receives Consensus Recommendation of “Strong Sell” from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have earned a consensus recommendation of “Strong Sell” from the five research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $52.20.

A number of analysts recently issued reports on BOH shares. Keefe, Bruyette & Woods increased their price target on shares of Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a report on Tuesday, April 23rd. Jefferies Financial Group lowered their price target on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, April 8th. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Piper Sandler decreased their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. Finally, Barclays decreased their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, April 23rd.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Bank of Hawaii in the third quarter valued at about $37,000. IFP Advisors Inc acquired a new stake in Bank of Hawaii during the third quarter worth about $39,000. Allspring Global Investments Holdings LLC increased its position in Bank of Hawaii by 2,197.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 781 shares of the bank’s stock worth $39,000 after purchasing an additional 747 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Bank of Hawaii during the fourth quarter worth about $41,000. Finally, Quest Partners LLC acquired a new stake in Bank of Hawaii during the fourth quarter worth about $41,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Up 2.3 %

BOH stock opened at $57.99 on Friday. The firm’s fifty day simple moving average is $60.02 and its 200-day simple moving average is $61.12. The company has a market capitalization of $2.30 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii has a 12 month low of $30.83 and a 12 month high of $75.19.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The business had revenue of $252.64 million during the quarter, compared to analysts’ expectations of $160.79 million. During the same period last year, the company earned $1.14 earnings per share. As a group, equities research analysts forecast that Bank of Hawaii will post 3.59 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is 72.16%.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.