Bank of Hawaii (NYSE:BOH) Upgraded by Wall Street Zen to “Hold” Rating

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

A number of other equities analysts have also recently commented on BOH. Barclays increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, October 28th. DA Davidson reissued a “neutral” rating and issued a $70.00 price objective on shares of Bank of Hawaii in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bank of Hawaii presently has an average rating of “Hold” and a consensus target price of $71.25.

Bank of Hawaii Stock Performance

BOH opened at $70.06 on Friday. The firm’s fifty day simple moving average is $66.38 and its two-hundred day simple moving average is $66.30. Bank of Hawaii has a 52-week low of $57.44 and a 52-week high of $76.00. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.74 and a beta of 0.75. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.39.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Tuesday, October 28th. The bank reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The business had revenue of $182.64 million during the quarter, compared to analysts’ expectations of $180.95 million. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. During the same quarter in the previous year, the company earned $0.93 earnings per share. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, November 28th. Bank of Hawaii’s dividend payout ratio is presently 68.63%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BOH. Farther Finance Advisors LLC increased its position in Bank of Hawaii by 150.0% during the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after purchasing an additional 270 shares during the last quarter. Quarry LP grew its stake in shares of Bank of Hawaii by 1,497.2% in the 3rd 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. Strs Ohio acquired a new stake in shares of Bank of Hawaii during the 1st quarter worth approximately $41,000. EverSource Wealth Advisors LLC raised its position in shares of Bank of Hawaii by 461.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after buying an additional 512 shares during the period. Finally, State of Wyoming raised its position in shares of Bank of Hawaii by 8,220.0% during the 2nd quarter. State of Wyoming now owns 832 shares of the bank’s stock valued at $56,000 after buying an additional 822 shares during the period. 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.