Bank of Hawaii Corporation (NYSE:BOH) Receives Average Recommendation of “Hold” from Brokerages

Shares of Bank of Hawaii Corporation (NYSE:BOH) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $85.40.

A number of research analysts have recently commented on BOH shares. Weiss Ratings raised shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. DA Davidson boosted their target price on shares of Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Piper Sandler dropped their price target on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Zacks Research downgraded shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. 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.

Bank of Hawaii Price Performance

Shares of BOH stock traded down $0.09 during mid-day trading on Friday, reaching $82.64. The stock had a trading volume of 259,059 shares, compared to its average volume of 345,573. Bank of Hawaii has a 12-month low of $59.36 and a 12-month high of $83.81. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $78.53 and a 200 day simple moving average of $75.79. The company has a market cap of $3.27 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.The business had revenue of $192.32 million for the quarter, compared to analysts’ expectations of $193.53 million. During the same period last year, the business earned $0.97 earnings per share. On average, sell-side analysts anticipate that Bank of Hawaii will post 5.91 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, May 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 56.57%.

Institutional Investors Weigh In On Bank of Hawaii

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreFirst Bank & Trust raised its holdings in shares of Bank of Hawaii by 14.6% in the 1st quarter. CoreFirst Bank & Trust now owns 1,410 shares of the bank’s stock worth $105,000 after purchasing an additional 180 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Bank of Hawaii during the 1st quarter worth about $529,000. Western Wealth Management LLC acquired a new stake in Bank of Hawaii during the 1st quarter worth approximately $33,000. Bank of America Corp DE increased its position in Bank of Hawaii by 254.4% during the 1st quarter. Bank of America Corp DE now owns 360,138 shares of the bank’s stock worth $26,740,000 after purchasing an additional 258,508 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in Bank of Hawaii in the first quarter valued at approximately $1,013,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.