Bank of Hawaii Corporation (NYSE:BOH) Given Average Recommendation of “Hold” by Analysts

Shares of Bank of Hawaii Corporation (NYSE:BOH) have received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $71.25.

BOH has been the subject of a number of research analyst reports. Barclays raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 28th. DA Davidson reissued a “neutral” rating and set a $70.00 target price on shares of Bank of Hawaii in a research note on Tuesday, October 28th. Wall Street Zen cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Sunday, January 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th.

Insider Transactions at Bank of Hawaii

In related 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 transaction, the chief executive officer owned 156,774 shares of the company’s stock, valued at $10,640,251.38. This represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bank of Hawaii

Several hedge funds have recently made changes to their positions in BOH. DF Dent & Co. Inc. grew its position in shares of Bank of Hawaii by 4.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after buying an additional 157 shares in the last quarter. MAI Capital Management lifted its stake in Bank of Hawaii by 5.7% in the third quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock worth $195,000 after acquiring an additional 160 shares during the period. First Affirmative Financial Network grew its holdings in Bank of Hawaii by 5.6% during the 3rd quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock worth $220,000 after acquiring an additional 178 shares in the last quarter. Cerity Partners LLC increased its position in Bank of Hawaii by 1.2% during the 2nd quarter. Cerity Partners LLC now owns 16,391 shares of the bank’s stock valued at $1,107,000 after purchasing an additional 196 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of Bank of Hawaii by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 36,698 shares of the bank’s stock valued at $2,478,000 after purchasing an additional 213 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Performance

Shares of NYSE:BOH opened at $71.01 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.39. Bank of Hawaii has a 12 month low of $57.44 and a 12 month high of $76.00. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 0.62 and a beta of 0.75. The firm’s 50-day moving average is $67.58 and its 200 day moving average is $66.56.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Tuesday, October 28th. The bank reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.07. The business had revenue of $182.64 million during the quarter, compared to analyst estimates of $180.95 million. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.During the same quarter in the previous year, the business earned $0.93 earnings per share. Research analysts predict that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, November 28th. Bank of Hawaii’s payout ratio is currently 68.63%.

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.