Bank of Hawaii Corporation (NYSE:BOH) Receives Consensus Rating of “Hold” from Analysts

Bank of Hawaii Corporation (NYSE:BOH) has been given an average rating of “Hold” by the eight ratings firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $85.20.

A number of analysts recently issued reports on BOH shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of Hawaii in a report on Friday, July 24th. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. DA Davidson lifted their target price on Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Stephens upped their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods dropped their price target on Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Monday.

Insiders Place Their Bets

In other news, insider Marco A. Abbruzzese sold 2,441 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds have recently made changes to their positions in BOH. Handelsbanken Fonder AB boosted its position in Bank of Hawaii by 26.5% during the second quarter. Handelsbanken Fonder AB now owns 18,137 shares of the bank’s stock valued at $1,478,000 after purchasing an additional 3,800 shares in the last quarter. GAMMA Investing LLC raised its holdings in Bank of Hawaii by 34.8% in the second quarter. GAMMA Investing LLC now owns 3,667 shares of the bank’s stock worth $299,000 after purchasing an additional 946 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Bank of Hawaii by 10.9% in the second quarter. Central Pacific Bank Trust Division now owns 3,550 shares of the bank’s stock worth $289,000 after purchasing an additional 350 shares in the last quarter. CoreFirst Bank & Trust lifted its position in shares of Bank of Hawaii by 14.6% during the first quarter. CoreFirst Bank & Trust now owns 1,410 shares of the bank’s stock valued at $105,000 after buying an additional 180 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Bank of Hawaii during the first quarter valued at about $529,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Price Performance

Bank of Hawaii stock opened at $79.66 on Thursday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii has a 1 year low of $59.36 and a 1 year high of $86.31. The firm has a 50-day moving average of $80.45 and a two-hundred day moving average of $77.82.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, July 27th. The bank reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The business had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.51 million. During the same period last year, the company posted $1.06 earnings per share. On average, research analysts forecast that Bank of Hawaii will post 5.88 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. Bank of Hawaii’s dividend payout ratio is 52.24%.

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.