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

Bank of Hawaii Corporation (NYSE:BOH) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $85.00.

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Bank of Hawaii in a research report on Friday, July 24th. Barclays cut their target price on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 28th. Stephens downgraded Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research report on Thursday, August 6th. Benchmark reiterated a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. 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 report on Monday, August 3rd.

Bank of Hawaii Trading Up 0.2%

Shares of NYSE:BOH opened at $77.42 on Monday. The company’s 50-day moving average price is $80.82 and its two-hundred day moving average price is $78.28. Bank of Hawaii has a one year low of $59.36 and a one year high of $86.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $3.05 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.88 and a beta of 0.71.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.01. The company had revenue of $196.90 million during the quarter, compared to analysts’ expectations of $199.51 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.During the same quarter last year, the company earned $1.06 EPS. On average, equities analysts forecast that Bank of Hawaii will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 31st. Bank of Hawaii’s payout ratio is presently 52.24%.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total value of $199,161.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Danske Bank A S bought a new stake in shares of Bank of Hawaii in the 4th quarter worth approximately $27,000. Freestone Grove Partners LP bought a new position in shares of Bank of Hawaii during the second quarter valued at approximately $32,000. Western Wealth Management LLC purchased a new stake in Bank of Hawaii in the first quarter worth $33,000. SHP Wealth Management purchased a new stake in Bank of Hawaii in the fourth quarter worth $34,000. Finally, Global Retirement Partners LLC bought a new stake in Bank of Hawaii in the second quarter valued at $34,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

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.