Bank of Hawaii (NYSE:BOH) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Bank of Hawaii (NYSE:BOH) from a market perform rating to an outperform rating in a research report released on Tuesday morning, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has $91.00 price objective on the bank’s stock, up from their prior price objective of $75.00.

Several other analysts have also recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a research report on Monday, December 29th. Stephens reaffirmed an “overweight” rating on shares of Bank of Hawaii in a research note on Tuesday. DA Davidson reiterated a “neutral” rating and issued a $70.00 target price on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Sunday, January 4th. Finally, Barclays upped their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $81.80.

Bank of Hawaii Stock Up 1.5%

BOH opened at $75.26 on Tuesday. The company has a market cap of $2.99 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.62 and a beta of 0.75. Bank of Hawaii has a twelve month low of $57.44 and a twelve month high of $78.25. The company has a 50-day moving average price of $69.61 and a 200 day moving average price of $66.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $0.85 EPS. Sell-side analysts expect that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 60.61%.

Insiders Place Their Bets

In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the transaction, the chief executive officer directly owned 156,774 shares in the company, valued at $10,640,251.38. The trade was a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.07% of the stock is owned by insiders.

Institutional Trading of Bank of Hawaii

Several institutional investors have recently made changes to their positions in BOH. Pictet Asset Management Holding SA grew its position in Bank of Hawaii by 14.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,059 shares of the bank’s stock worth $414,000 after acquiring an additional 769 shares during the period. Vanguard Group Inc. lifted its stake in shares of Bank of Hawaii by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock valued at $312,139,000 after purchasing an additional 26,821 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Bank of Hawaii in the 4th quarter valued at $217,000. Ruffer LLP purchased a new position in shares of Bank of Hawaii during the 4th quarter worth $3,107,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Bank of Hawaii by 6.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 3,541 shares of the bank’s stock worth $242,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Company Profile

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.