Bank of Hawaii (NYSE:BOH) Hits New 12-Month High – Should You Buy?

Shares of Bank of Hawaii Corporation (NYSE:BOH) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $80.77 and last traded at $80.0940, with a volume of 115677 shares. The stock had previously closed at $78.39.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BOH. Stephens restated an “overweight” rating on shares of Bank of Hawaii in a research note on Tuesday, January 27th. Wall Street Zen upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. DA Davidson raised their price target on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods upgraded Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $75.00 to $91.00 in a research note on Tuesday, January 27th. Finally, Weiss Ratings upgraded Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of Hawaii presently has an average rating of “Hold” and an average target price of $83.80.

Bank of Hawaii Trading Up 2.4%

The stock has a 50 day moving average price of $76.13 and a 200-day moving average price of $70.64. The stock has a market capitalization of $3.19 billion, a PE ratio of 17.37, a P/E/G ratio of 0.73 and a beta of 0.72. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, January 26th. The bank reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.The company had revenue of $189.65 million for the quarter, compared to analysts’ expectations of $184.83 million. During the same period last year, the firm earned $0.85 EPS. Sell-side analysts expect that Bank of Hawaii Corporation will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 60.61%.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors have recently bought and sold shares of the stock. Danske Bank A S bought a new position in Bank of Hawaii in the 4th quarter worth $27,000. Farther Finance Advisors LLC raised 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 purchasing an additional 270 shares during the period. SHP Wealth Management bought a new position in Bank of Hawaii in the 4th quarter worth $34,000. Quarry LP raised its holdings in Bank of Hawaii by 1,497.2% in the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after purchasing an additional 539 shares during the period. Finally, Strs Ohio bought a new position in Bank of Hawaii in the 1st quarter worth $41,000. 82.18% of the stock is owned by institutional investors.

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.