Shares of Bank of Hawaii Corporation (NYSE:BOH – Get Free Report) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $85.80.
A number of research firms have weighed in on BOH. Wall Street Zen cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Barclays decreased 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. Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of Hawaii in a research note on Friday, July 24th.
Read Our Latest Stock Report on BOH
Bank of Hawaii Stock Performance
Bank of Hawaii (NYSE:BOH – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.47 earnings per share 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 company had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. During the same period in the previous year, the firm earned $1.06 EPS. Equities research analysts anticipate that Bank of Hawaii will post 5.87 EPS for the current fiscal year.
Bank of Hawaii Announces Dividend
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. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, August 31st. Bank of Hawaii’s payout ratio is currently 56.57%.
Institutional Trading of Bank of Hawaii
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Danske Bank A S bought a new stake in shares of Bank of Hawaii during the fourth quarter valued at about $27,000. Western Wealth Management LLC purchased a new stake in shares of Bank of Hawaii in the first quarter worth $33,000. SHP Wealth Management bought a new stake in Bank of Hawaii during the fourth quarter valued at $34,000. Quarry LP boosted its stake in Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares during the period. Finally, Strs Ohio purchased a new position in Bank of Hawaii during the first quarter worth about $41,000. 82.18% of the stock is currently owned by institutional investors.
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.
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