Shares of Bank of Hawaii Co. (NYSE:BOH) have earned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $84.00.
BOH has been the topic of several analyst reports. Zacks Investment Research cut shares of Bank of Hawaii from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. ValuEngine raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Compass Point cut shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $83.00 to $82.00 in a research note on Monday, April 22nd.
NYSE:BOH traded down $0.62 during mid-day trading on Friday, hitting $79.84. 2,072 shares of the company’s stock traded hands, compared to its average volume of 207,257. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. Bank of Hawaii has a 1 year low of $63.64 and a 1 year high of $88.92. The company has a market capitalization of $3.23 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87.
Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, April 22nd. The bank reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.07. Bank of Hawaii had a net margin of 30.64% and a return on equity of 17.81%. The firm had revenue of $168.52 million during the quarter, compared to the consensus estimate of $166.51 million. During the same period last year, the firm posted $1.28 EPS. On average, equities research analysts predict that Bank of Hawaii will post 5.59 earnings per share for the current year.
Bank of Hawaii announced that its board has initiated a stock buyback program on Monday, January 28th that authorizes the company to repurchase $130.00 million in outstanding shares. This repurchase authorization authorizes the bank to repurchase up to 4.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.65 dividend. The ex-dividend date is Thursday, May 30th. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 3.26%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 47.42%.
In related news, Vice Chairman James C. Polk sold 6,176 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $80.82, for a total value of $499,144.32. Following the sale, the insider now directly owns 31,291 shares of the company’s stock, valued at $2,528,938.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.13% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Full Sail Capital LLC acquired a new position in Bank of Hawaii during the first quarter valued at approximately $216,000. HighTower Advisors LLC lifted its position in Bank of Hawaii by 124.9% during the first quarter. HighTower Advisors LLC now owns 25,741 shares of the bank’s stock valued at $2,029,000 after buying an additional 14,295 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Bank of Hawaii during the first quarter valued at approximately $2,880,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Bank of Hawaii by 3.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,125 shares of the bank’s stock valued at $481,000 after buying an additional 222 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new position in Bank of Hawaii during the first quarter valued at approximately $77,000. 76.40% of the stock is currently owned by institutional investors and hedge funds.
Bank of Hawaii Company Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
Recommended Story: Equity Income
Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.