Bank of Hawaii Corporation (NYSE:BOH) Receives Consensus Rating of “Hold” from Analysts

Shares of Bank of Hawaii Corporation (NYSE:BOH) have been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $85.40.

A number of research analysts recently commented on the company. Stephens upped their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Piper Sandler reduced their price target on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Keefe, Bruyette & Woods increased their price objective on shares of Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th.

Hedge Funds Weigh In On Bank of Hawaii

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. DF Dent & Co. Inc. increased its position in Bank of Hawaii by 4.8% in the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock valued at $225,000 after acquiring an additional 157 shares during the period. MAI Capital Management boosted its position in Bank of Hawaii by 5.7% during the 3rd quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock worth $195,000 after acquiring an additional 160 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Bank of Hawaii by 11.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank’s stock worth $104,000 after purchasing an additional 160 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of Bank of Hawaii by 5.6% in the third quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock worth $220,000 after purchasing an additional 178 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of Bank of Hawaii by 6.2% during the fourth quarter. Rothschild Investment LLC now owns 3,213 shares of the bank’s stock valued at $220,000 after purchasing an additional 188 shares during the period. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $75.64 on Friday. The company has a market cap of $3.00 billion, a P/E ratio of 15.28, a PEG ratio of 0.81 and a beta of 0.73. The business has a 50 day moving average of $76.24 and a two-hundred day moving average of $72.66. Bank of Hawaii has a 52 week low of $59.36 and a 52 week high of $82.74. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The company had revenue of $192.32 million for the quarter, compared to analyst estimates of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, analysts anticipate that Bank of Hawaii will post 5.91 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, May 29th. Bank of Hawaii’s payout ratio is 56.57%.

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.