Bank of Hawaii Corporation (BOH) Receives Consensus Rating of “Hold” from Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has earned an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $86.50.

Several research firms have commented on BOH. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 target price on shares of Bank of Hawaii Corporation in a report on Friday, September 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $88.00 price target on shares of Bank of Hawaii Corporation in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Morgan Stanley restated an “underweight” rating and issued a $77.00 price target (up from $75.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $90.50 price target on shares of Bank of Hawaii Corporation in a research note on Tuesday, October 24th.

In related news, insider Donna A. Tanoue sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total value of $461,280.00. Following the transaction, the insider now directly owns 9,969 shares of the company’s stock, valued at approximately $766,416.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donna A. Tanoue sold 4,050 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the transaction, the insider now directly owns 9,969 shares in the company, valued at $759,139.35. The disclosure for this sale can be found here. Insiders have sold a total of 11,235 shares of company stock worth $860,767 over the last ninety days. Insiders own 2.16% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in BOH. Quantbot Technologies LP bought a new stake in shares of Bank of Hawaii Corporation during the third quarter valued at about $117,000. Rocky Mountain Advisers LLC increased its position in shares of Bank of Hawaii Corporation by 13,300.0% in the third quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock worth $168,000 after purchasing an additional 1,995 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Bank of Hawaii Corporation in the third quarter worth approximately $203,000. Crestwood Advisors Group LLC increased its position in shares of Bank of Hawaii Corporation by 0.6% in the second quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock worth $206,000 after purchasing an additional 14 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of Bank of Hawaii Corporation by 1.4% in the second quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock worth $221,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 77.55% of the company’s stock.

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Shares of Bank of Hawaii Corporation (NYSE BOH) traded up $0.46 on Friday, hitting $80.13. 111,292 shares of the stock traded hands, compared to its average volume of 193,456. The company has a market capitalization of $3,394.04, a price-to-earnings ratio of 18.37, a PEG ratio of 2.13 and a beta of 0.96. Bank of Hawaii Corporation has a 52 week low of $74.72 and a 52 week high of $90.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.66 and a quick ratio of 0.66.

Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings results on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Bank of Hawaii Corporation had a net margin of 27.27% and a return on equity of 15.45%. The business had revenue of $158.73 million for the quarter, compared to analyst estimates of $163.29 million. During the same period last year, the firm earned $1.02 earnings per share. sell-side analysts expect that Bank of Hawaii Corporation will post 4.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Wednesday, November 29th. Bank of Hawaii Corporation’s dividend payout ratio is 47.82%.

Bank of Hawaii Corporation declared that its board has initiated a share buyback program on Monday, October 23rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.

Analyst Recommendations for Bank of Hawaii Corporation (NYSE:BOH)

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