Bank of Hawaii Corp. (BOH) Shares Gap Up to $69.07
Bank of Hawaii Corp. (NYSE:BOH) gapped up prior to trading on Monday . The stock had previously closed at $68.93, but opened at $69.07. Bank of Hawaii Corp. shares last traded at $69.83, with a volume of 37,377 shares.
A number of equities research analysts have commented on BOH shares. Macquarie raised their price target on shares of Bank of Hawaii Corp. from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, April 26th. RBC Capital Markets restated a “sector perform” rating and issued a $72.00 price target (up from $68.00) on shares of Bank of Hawaii Corp. in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Bank of Hawaii Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Compass Point started coverage on shares of Bank of Hawaii Corp. in a report on Thursday, August 11th. They issued a “neutral” rating and a $69.00 price target for the company. Finally, Piper Jaffray Cos. started coverage on shares of Bank of Hawaii Corp. in a report on Friday, July 8th. They issued a “neutral” rating and a $70.00 price target for the company. Ten analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $68.55.
The stock has a market cap of $2.99 billion and a P/E ratio of 17.56. The firm’s 50-day moving average price is $68.65 and its 200-day moving average price is $67.57.
Bank of Hawaii Corp. (NYSE:BOH) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.10. The firm had revenue of $150.10 million for the quarter, compared to the consensus estimate of $149.13 million. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. On average, equities research analysts predict that Bank of Hawaii Corp. will post $4.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.92 dividend on an annualized basis and a yield of 2.76%.
A number of large investors have recently bought and sold shares of BOH. Dimensional Fund Advisors LP raised its stake in Bank of Hawaii Corp. by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 961,048 shares of the company’s stock worth $60,451,000 after buying an additional 13,782 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Bank of Hawaii Corp. by 5.5% in the fourth quarter. Suntrust Banks Inc. now owns 48,827 shares of the company’s stock worth $3,071,000 after buying an additional 2,563 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Bank of Hawaii Corp. by 2.8% in the fourth quarter. Wells Fargo & Company MN now owns 326,076 shares of the company’s stock worth $20,510,000 after buying an additional 8,922 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Bank of Hawaii Corp. by 54.7% in the fourth quarter. Bank of Montreal Can now owns 35,002 shares of the company’s stock worth $2,202,000 after buying an additional 12,375 shares during the last quarter.
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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