Bank of Hawaii (NYSE:BOH) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Bank of Hawaii (NYSE:BOH) from a hold rating to a sell rating in a research note published on Sunday.

BOH has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. DA Davidson reaffirmed a “neutral” rating and set a $70.00 price target on shares of Bank of Hawaii in a research note on Tuesday, October 28th. Finally, Barclays lifted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.25.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock opened at $70.36 on Friday. The firm has a fifty day moving average price of $67.23 and a two-hundred day moving average price of $66.48. The company has a market cap of $2.80 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 0.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii has a fifty-two week low of $57.44 and a fifty-two week high of $76.00.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Tuesday, October 28th. The bank reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. The company had revenue of $182.64 million for the quarter, compared to analyst estimates of $180.95 million. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.During the same period in the prior year, the company posted $0.93 EPS. Analysts expect that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, November 28th. Bank of Hawaii’s payout ratio is 68.63%.

Insider Activity

In related news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the sale, the chief executive officer owned 156,774 shares of the company’s stock, valued at $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.07% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of large investors have recently bought and sold shares of BOH. Farther Finance Advisors LLC boosted its holdings in shares of Bank of Hawaii by 150.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after buying an additional 270 shares in the last quarter. Quarry LP lifted its position in shares of Bank of Hawaii by 1,497.2% during the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after acquiring an additional 539 shares during the period. Strs Ohio bought a new position in Bank of Hawaii during the first quarter worth $41,000. EverSource Wealth Advisors LLC grew its holdings in Bank of Hawaii by 461.3% in the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after purchasing an additional 512 shares during the period. Finally, State of Wyoming grew its holdings in Bank of Hawaii by 8,220.0% in the second quarter. State of Wyoming now owns 832 shares of the bank’s stock worth $56,000 after purchasing an additional 822 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.