Bank of Hawaii (NYSE:BOH) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

by · The Cerbat Gem

Bank of Hawaii Corporation (NYSE:BOH – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $66.06 and traded as high as $70.19. Bank of Hawaii shares last traded at $69.7370, with a volume of 447,568 shares changing hands.

Analyst Ratings Changes

BOH has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Bank of Hawaii in a research report on Monday, December 8th. Wall Street Zen lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. DA Davidson reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Piper Sandler began coverage on Bank of Hawaii in a research note on Thursday, August 21st. They issued a “neutral” rating and a $71.00 target price for the company. Finally, Barclays increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $71.25.

Get Our Latest Research Report on Bank of Hawaii

Bank of Hawaii Trading Up 1.8%

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day simple moving average is $65.27 and its two-hundred day simple moving average is $66.11. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.74 and a beta of 0.75.

Bank of Hawaii (NYSE:BOH – Get Free Report) last posted its earnings results on Tuesday, October 28th. The bank reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. The business had revenue of $182.64 million for the quarter, compared to analyst estimates of $180.95 million. During the same quarter in the previous year, the business posted $0.93 EPS. On average, research analysts anticipate that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. Bank of Hawaii’s dividend payout ratio is presently 68.63%.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in Bank of Hawaii by 150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after acquiring an additional 270 shares during the period. Quarry LP lifted its position in shares of Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after purchasing an additional 539 shares in the last quarter. Strs Ohio purchased a new position in shares of Bank of Hawaii in the first quarter valued at $41,000. EverSource Wealth Advisors LLC grew its holdings in Bank of Hawaii by 461.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after purchasing an additional 512 shares in the last quarter. Finally, State of Wyoming increased its stake in Bank of Hawaii by 8,220.0% during the 2nd quarter. State of Wyoming now owns 832 shares of the bank’s stock worth $56,000 after buying an additional 822 shares during the period. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Company Profile

(Get Free Report)

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.

Read More