Bank of Hawaii Corporation (NYSE:BOH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company’s principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. “
A number of other research firms also recently commented on BOH. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $94.00 price target on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. BidaskClub downgraded Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Barclays PLC boosted their target price on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and set a $85.00 target price on shares of Bank of Hawaii Corporation in a research note on Friday, July 14th. Finally, Morgan Stanley boosted their target price on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $83.50.
Shares of Bank of Hawaii Corporation (BOH) traded up 0.73% during midday trading on Friday, hitting $84.01. 82,137 shares of the company were exchanged. The company has a market capitalization of $3.58 billion, a P/E ratio of 19.63 and a beta of 0.95. The company has a 50-day moving average of $82.47 and a 200 day moving average of $82.45. Bank of Hawaii Corporation has a one year low of $66.90 and a one year high of $90.80.
Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.02. The business had revenue of $157.52 million during the quarter, compared to the consensus estimate of $157.76 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, equities research analysts expect that Bank of Hawaii Corporation will post $4.43 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA increased its position in shares of Bank of Hawaii Corporation by 26.8% in the second quarter. Federated Investors Inc. PA now owns 21,815 shares of the bank’s stock valued at $1,810,000 after buying an additional 4,613 shares during the last quarter. BB&T Securities LLC increased its position in shares of Bank of Hawaii Corporation by 9.8% in the second quarter. BB&T Securities LLC now owns 10,975 shares of the bank’s stock valued at $910,000 after buying an additional 983 shares during the last quarter. Blair William & Co. IL increased its position in shares of Bank of Hawaii Corporation by 18.5% in the second quarter. Blair William & Co. IL now owns 33,672 shares of the bank’s stock valued at $2,794,000 after buying an additional 5,261 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Bank of Hawaii Corporation by 26.5% in the second quarter. BNP Paribas Arbitrage SA now owns 16,947 shares of the bank’s stock valued at $1,406,000 after buying an additional 3,548 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Bank of Hawaii Corporation by 0.8% in the second quarter. Comerica Bank now owns 33,502 shares of the bank’s stock valued at $2,800,000 after buying an additional 280 shares during the last quarter. 77.56% of the stock is owned by hedge funds and other institutional investors.
Bank of Hawaii Corporation Company Profile
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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