Bank of Hawaii Corp. (BOH) Sets New 1-Year High at $72.77
Bank of Hawaii Corp. (NYSE:BOH) hit a new 52-week high on Friday . The stock traded as high as $72.77 and last traded at $72.75, with a volume of 261,338 shares. The stock had previously closed at $71.67.
BOH has been the subject of a number of recent analyst reports. Zacks Investment Research raised Bank of Hawaii Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Wednesday, August 3rd. Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 target price on shares of Bank of Hawaii Corp. in a report on Tuesday, July 26th. Compass Point initiated coverage on Bank of Hawaii Corp. in a report on Thursday, August 11th. They set a “neutral” rating and a $69.00 target price for the company. DA Davidson lifted their target price on Bank of Hawaii Corp. from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, July 26th. Finally, Piper Jaffray Cos. initiated coverage on Bank of Hawaii Corp. in a report on Friday, July 8th. They set a “neutral” rating and a $70.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $68.55.
The firm has a market capitalization of $3.12 billion and a P/E ratio of 18.33. The company has a 50-day moving average of $69.79 and a 200 day moving average of $68.44.
Bank of Hawaii Corp. (NYSE:BOH) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.10. The business had revenue of $150.10 million for the quarter, compared to the consensus estimate of $149.13 million. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Bank of Hawaii Corp. will post $4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Monday, August 29th.
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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