Bank of Hawaii Corporation (NYSE:BOH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Bank of Hawaii Corporation (NYSE:BOH) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $81.80.

Several research firms have issued reports on BOH. Wall Street Zen upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. DA Davidson lifted their target price on shares of Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 27th. Barclays boosted their target price on shares of Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th. Stephens reiterated an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th.

Insider Activity at Bank of Hawaii

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Danske Bank A S bought a new stake in Bank of Hawaii in the fourth quarter valued at $27,000. Farther Finance Advisors LLC grew its stake 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 valued at $30,000 after buying an additional 270 shares during the period. Quarry LP increased its position in Bank of Hawaii by 1,497.2% in the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares in the last quarter. Strs Ohio acquired a new position in Bank of Hawaii during the 1st quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC boosted 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 acquiring an additional 512 shares in the last quarter. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Up 0.4%

Shares of BOH opened at $76.07 on Monday. The stock’s 50-day moving average price is $73.76 and its two-hundred day moving average price is $68.75. Bank of Hawaii has a 12 month low of $57.44 and a 12 month high of $80.61. The company has a market capitalization of $3.02 billion, a PE ratio of 16.46, a PEG ratio of 0.77 and a beta of 0.73. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 14.42% and a net margin of 19.30%.During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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 yield of 3.7%. Bank of Hawaii’s payout ratio is 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.