Bank of Hawaii Corporation (BOH) – What Are Investment Firms Thinking About This Stock?

Shares of Bank of Hawaii Corporation (NYSE:BOH) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $85.00.

A number of equities analysts recently weighed in on the stock. DA Davidson boosted their target price on shares of Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Barclays cut their price target on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Stephens downgraded shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a research report on Thursday, August 6th. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of Hawaii in a research note on Friday, July 24th.

Bank of Hawaii Stock Down 0.8%

BOH stock traded down $0.55 during trading hours on Tuesday, reaching $66.50. 27,017 shares of the stock were exchanged, compared to its average volume of 409,203. The firm’s 50-day moving average is $74.75 and its 200-day moving average is $77.52. Bank of Hawaii has a 12 month low of $59.36 and a 12 month high of $86.31. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.81 and a beta of 0.72. 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 (NYSE:BOH) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.47 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $196.90 million during the quarter, compared to analysts’ expectations of $199.51 million. During the same period last year, the business earned $1.06 EPS. On average, equities research analysts expect that Bank of Hawaii will post 5.88 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. Bank of Hawaii’s dividend payout ratio is presently 52.24%.

Insider Transactions at Bank of Hawaii

In other news, insider Marco Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction on Tuesday, August 4th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. 1.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bank of Hawaii

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Freestone Grove Partners LP acquired a new stake in shares of Bank of Hawaii in the 2nd quarter valued at approximately $32,000. Western Wealth Management LLC bought a new stake in shares of Bank of Hawaii during the 1st quarter valued at approximately $33,000. SHP Wealth Management acquired a new position in Bank of Hawaii during the 4th quarter worth approximately $34,000. Global Retirement Partners LLC acquired a new position in Bank of Hawaii during the 2nd quarter worth approximately $34,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Bank of Hawaii during the 2nd quarter worth approximately $51,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation is a regional financial services company headquartered in Honolulu, Hawaii. Through its principal subsidiary, Bank of Hawaii, the company provides banking and financial services to consumers, businesses, government entities and institutional clients.

The bank offers consumer deposit accounts, residential and consumer lending, credit cards and online and mobile banking. Its business banking services include commercial lending, cash management, treasury services, commercial deposits and international banking.