Bank of Hawaii Co. (NYSE:BOH) Given Average Rating of “Reduce” by Brokerages

Bank of Hawaii Co. (NYSE:BOH) has been given a consensus rating of “Reduce” by the five analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $64.80.

A number of equities analysts have commented on the stock. Barclays lifted their target price on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. DA Davidson increased their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler lifted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares in the company, valued at $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Bank of Hawaii by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after purchasing an additional 10,357 shares in the last quarter. Barclays PLC boosted its holdings in Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after purchasing an additional 44,599 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Bank of Hawaii in the third quarter valued at approximately $365,000. State Street Corp raised its holdings in Bank of Hawaii by 5.0% during the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock worth $140,897,000 after purchasing an additional 106,717 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Bank of Hawaii by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 68,757 shares of the bank’s stock worth $4,316,000 after buying an additional 788 shares during the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Trading Up 0.4 %

Shares of Bank of Hawaii stock opened at $77.59 on Wednesday. The firm has a 50-day simple moving average of $67.74 and a two-hundred day simple moving average of $63.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii has a fifty-two week low of $54.50 and a fifty-two week high of $81.45. The company has a market cap of $3.08 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 5.10 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The business had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same period last year, the firm posted $1.17 earnings per share. As a group, equities analysts predict that Bank of Hawaii will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s payout ratio is 84.08%.

About Bank of Hawaii

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.