Bank of Hawaii Corporation (NYSE:BOH) Receives Consensus Rating of “Hold” from Analysts

Bank of Hawaii Corporation (NYSE:BOH) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $85.00.

Several research analysts have recently weighed in on BOH shares. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, July 28th. DA Davidson raised their target price on shares of Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Barclays reduced their price target on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Stephens downgraded Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of Hawaii in a research note on Friday, July 24th.

Bank of Hawaii Stock Down 0.0%

BOH stock traded down $0.02 during mid-day trading on Monday, reaching $77.48. The company had a trading volume of 30,990 shares, compared to its average volume of 408,698. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a 50 day simple moving average of $80.93 and a two-hundred day simple moving average of $78.29. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.88 and a beta of 0.71. Bank of Hawaii has a 52 week low of $59.36 and a 52 week high of $86.31.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. The company had revenue of $196.90 million for the quarter, compared to analysts’ expectations of $199.51 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.During the same quarter in the prior year, the business posted $1.06 EPS. As a group, equities analysts predict that Bank of Hawaii will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 annualized dividend and a yield of 3.6%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 52.24%.

Insider Buying and Selling

In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total value of $199,161.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.97% of the stock is currently owned by company insiders.

Institutional Trading of Bank of Hawaii

A number of hedge funds have recently modified their holdings of BOH. Danske Bank A S bought a new position in Bank of Hawaii in the 4th quarter valued at about $27,000. Freestone Grove Partners LP bought a new stake in shares of Bank of Hawaii during the second quarter worth approximately $32,000. Western Wealth Management LLC bought a new stake in shares of Bank of Hawaii during the first quarter worth approximately $33,000. SHP Wealth Management acquired a new position in shares of Bank of Hawaii in the fourth quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Bank of Hawaii in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

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.