Bank of Hawaii Corporation (NYSE:BOH) Given Consensus Rating of “Hold” by Brokerages
by Mitch Edgeman · The Markets DailyShares of Bank of Hawaii Corporation (NYSE:BOH – Get Free Report) have been given an average rating of “Hold” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $71.25.
BOH has been the subject of a number of recent research reports. DA Davidson reiterated a “neutral” rating and issued a $70.00 target price on shares of Bank of Hawaii in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th. Barclays increased their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Sunday, January 4th.
Read Our Latest Research Report on BOH
Bank of Hawaii Stock Down 0.4%
Bank of Hawaii stock opened at $71.01 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.82 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.62 and a beta of 0.75. The business has a fifty day moving average of $67.58 and a two-hundred day moving average of $66.56. Bank of Hawaii has a twelve month low of $57.44 and a twelve month high of $76.00.
Bank of Hawaii (NYSE:BOH – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The bank reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. The business had revenue of $182.64 million for the quarter, compared to the consensus estimate of $180.95 million. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.During the same period last year, the business posted $0.93 EPS. On average, analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.
Bank of Hawaii Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, November 28th. Bank of Hawaii’s payout ratio is 68.63%.
Insider Buying and Selling
In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the sale, the chief executive officer directly owned 156,774 shares in the company, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.07% of the company’s stock.
Hedge Funds Weigh In On Bank of Hawaii
Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Bank of Hawaii by 16.4% in the 1st quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock worth $1,808,000 after purchasing an additional 3,689 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Bank of Hawaii by 177.5% in the first quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock worth $1,617,000 after buying an additional 15,234 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bank of Hawaii by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock worth $1,605,000 after buying an additional 1,027 shares during the period. Millennium Management LLC grew its holdings in shares of Bank of Hawaii by 4,090.7% during the first quarter. Millennium Management LLC now owns 302,315 shares of the bank’s stock valued at $20,851,000 after buying an additional 295,101 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Bank of Hawaii by 35.8% in the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock valued at $1,366,000 after acquiring an additional 5,227 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.
About Bank of Hawaii
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.
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