Bank of Hawaii (NYSE:BOH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Bank of Hawaii (NYSE:BOH) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other analysts also recently issued research reports about the company. Zacks Research upgraded Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Barclays boosted their price objective on shares of Bank of Hawaii from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 27th. DA Davidson increased their target price on shares of Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $75.00 to $91.00 in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.80.

Bank of Hawaii Stock Down 0.7%

Shares of NYSE BOH opened at $74.77 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $69.81 and a 200-day moving average of $66.89. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.63 and a beta of 0.75. Bank of Hawaii has a 12 month low of $57.44 and a 12 month high of $78.25.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The firm had revenue of $189.65 million for the quarter, compared to analyst estimates of $184.83 million. During the same quarter in the prior year, the firm earned $0.85 EPS. Sell-side analysts expect that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given 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, February 27th. Bank of Hawaii’s payout ratio is presently 60.61%.

Insider Buying and Selling

In other news, CEO Peter S. Ho sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the sale, the chief executive officer directly owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.07% of the company’s stock.

Institutional Trading of Bank of Hawaii

Large investors have recently bought and sold shares of the company. Keybank National Association OH bought a new stake in Bank of Hawaii during the fourth quarter worth about $201,000. Pictet Asset Management Holding SA lifted its holdings in shares of Bank of Hawaii by 14.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,059 shares of the bank’s stock valued at $414,000 after purchasing an additional 769 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Bank of Hawaii by 0.6% in the 4th 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 in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Bank of Hawaii in the 4th quarter worth approximately $217,000. Finally, Ruffer LLP bought a new position in Bank of Hawaii during the 4th quarter valued at approximately $3,107,000. 82.18% of the stock is owned by institutional investors.

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.