Bank of Hawaii Corporation (NYSE:BOH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Bank of Hawaii Corporation (NYSE:BOHGet Free Report) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $85.40.

A number of brokerages recently issued reports on BOH. Piper Sandler dropped their price target on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Barclays upped their target price on shares of Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Finally, Stephens lifted their price target on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st.

Read Our Latest Research Report on Bank of Hawaii

Institutional Investors Weigh In On Bank of Hawaii

A number of institutional investors have recently made changes to their positions in BOH. Vanguard Group Inc. lifted its stake in Bank of Hawaii by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock worth $312,139,000 after purchasing an additional 26,821 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Bank of Hawaii by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,106,873 shares of the bank’s stock valued at $82,182,000 after purchasing an additional 22,356 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Bank of Hawaii by 122.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after purchasing an additional 557,148 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Bank of Hawaii by 36.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock worth $59,166,000 after purchasing an additional 229,806 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Bank of Hawaii by 0.3% during the third quarter. American Century Companies Inc. now owns 655,639 shares of the bank’s stock worth $43,036,000 after purchasing an additional 2,175 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Trading Down 1.7%

Shares of BOH opened at $75.64 on Friday. Bank of Hawaii has a one year low of $59.36 and a one year high of $82.74. The stock has a 50-day moving average price of $76.24 and a 200 day moving average price of $72.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $3.00 billion, a P/E ratio of 15.28, a P/E/G ratio of 0.81 and a beta of 0.73.

Bank of Hawaii (NYSE:BOHGet Free Report) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). The business had revenue of $192.32 million for the quarter, compared to analysts’ expectations of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same quarter in the prior year, the firm earned $0.97 earnings per share. Sell-side analysts forecast that Bank of Hawaii will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, May 29th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 56.57%.

Bank of Hawaii Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Bank of Hawaii (NYSE:BOH)

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