Shares of Bank of Hawaii Corporation (NYSE:BOH – Get Free Report) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $85.80.
A number of research firms have weighed in on BOH. Barclays increased their price objective on Bank of Hawaii from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Stephens increased their target price on shares of Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings raised Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th.
Read Our Latest Stock Analysis on Bank of Hawaii
Bank of Hawaii Stock Up 0.8%
Bank of Hawaii (NYSE:BOH – Get Free Report) last posted its earnings results on Monday, April 20th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The firm had revenue of $192.32 million for the quarter, compared to analyst estimates 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 last year, the firm posted $0.97 EPS. On average, research analysts predict that Bank of Hawaii will post 5.89 earnings per share for the current fiscal year.
Bank of Hawaii Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, May 29th. Bank of Hawaii’s payout ratio is presently 56.57%.
Hedge Funds Weigh In On Bank of Hawaii
A number of hedge funds have recently made changes to their positions in BOH. DF Dent & Co. Inc. increased its holdings in shares of Bank of Hawaii by 4.8% in the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock valued at $225,000 after acquiring an additional 157 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Bank of Hawaii by 11.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank’s stock valued at $104,000 after purchasing an additional 160 shares during the last quarter. First Affirmative Financial Network grew its position in Bank of Hawaii by 5.6% in the 3rd quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock worth $220,000 after purchasing an additional 178 shares during the last quarter. CoreFirst Bank & Trust increased its stake in shares of Bank of Hawaii by 14.6% in the first quarter. CoreFirst Bank & Trust now owns 1,410 shares of the bank’s stock valued at $105,000 after purchasing an additional 180 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Bank of Hawaii by 23.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 985 shares of the bank’s stock valued at $73,000 after acquiring an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.
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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