Shares of Bank of Hawaii Co. (NYSE:BOH) have received an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $90.50.
BOH has been the topic of several research analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Bank of Hawaii in a research note on Friday, July 13th. ValuEngine upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Morgan Stanley lifted their price target on shares of Bank of Hawaii from $86.00 to $87.00 and gave the stock an “underweight” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of Bank of Hawaii from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Thursday, July 12th.
NYSE:BOH traded up $0.65 during midday trading on Friday, hitting $83.25. 156,456 shares of the company were exchanged, compared to its average volume of 135,393. Bank of Hawaii has a fifty-two week low of $74.86 and a fifty-two week high of $89.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $3.47 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.84 and a beta of 0.68.
Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, July 23rd. The bank reported $1.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.30. Bank of Hawaii had a net margin of 28.32% and a return on equity of 16.26%. The firm had revenue of $161.79 million for the quarter, compared to analyst estimates of $164.78 million. During the same period last year, the business earned $1.05 EPS. sell-side analysts anticipate that Bank of Hawaii will post 5.27 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, August 30th. This represents a $2.40 annualized dividend and a yield of 2.88%. Bank of Hawaii’s dividend payout ratio is currently 54.42%.
In other Bank of Hawaii news, Director Mary G. F. Bitterman sold 367 shares of Bank of Hawaii stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $81.91, for a total value of $30,060.97. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barbara J. Tanabe sold 613 shares of Bank of Hawaii stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $83.23, for a total transaction of $51,019.99. The disclosure for this sale can be found here. 2.04% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Bank of Hawaii by 3.0% in the second quarter. BlackRock Inc. now owns 4,874,017 shares of the bank’s stock valued at $406,591,000 after purchasing an additional 142,150 shares during the period. American Century Companies Inc. increased its stake in Bank of Hawaii by 8.8% in the second quarter. American Century Companies Inc. now owns 1,874,963 shares of the bank’s stock valued at $156,409,000 after purchasing an additional 152,071 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Bank of Hawaii by 2.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,283,935 shares of the bank’s stock valued at $106,695,000 after purchasing an additional 35,702 shares during the period. Dimensional Fund Advisors LP increased its stake in Bank of Hawaii by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,031,596 shares of the bank’s stock valued at $86,056,000 after purchasing an additional 5,418 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Bank of Hawaii by 8.4% in the second quarter. Victory Capital Management Inc. now owns 786,993 shares of the bank’s stock valued at $65,651,000 after purchasing an additional 61,195 shares during the period. Institutional investors own 75.32% of the company’s stock.
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.
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