Bank of Hawaii Corporation (NYSE:BOH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Bank of Hawaii Corporation (NYSE:BOH) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $81.80.

BOH has been the subject of a number of recent research reports. Barclays boosted their target price on Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 27th. Wall Street Zen upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. Finally, Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a research report on Tuesday, January 27th.

Insider Buying and Selling

In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the sale, the chief executive officer owned 156,774 shares in the company, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.07% of the stock is owned by insiders.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently made changes to their positions in BOH. Danske Bank A S bought a new stake in Bank of Hawaii in the fourth quarter valued at $27,000. Farther Finance Advisors LLC lifted its position in shares of Bank of Hawaii by 150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after purchasing an additional 270 shares during the period. Quarry LP boosted its stake 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 purchasing an additional 539 shares in the last quarter. Strs Ohio purchased a new position in shares of Bank of Hawaii during the first quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Bank of Hawaii by 461.3% during the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after buying an additional 512 shares during the period. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Down 1.9%

Shares of NYSE BOH opened at $77.31 on Thursday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 16.73, a PEG ratio of 0.81 and a beta of 0.75. Bank of Hawaii has a one year low of $57.44 and a one year high of $80.25. The firm’s 50 day simple moving average is $71.60 and its two-hundred day simple moving average is $67.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. The company had revenue of $189.65 million during the quarter, compared to analysts’ expectations of $184.83 million. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, analysts expect that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 60.61%.

About Bank of Hawaii

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.