Jefferies Group LLC reissued their hold rating on shares of Bank of Hawaii Corporation (NYSE:BOH) in a research note issued to investors on Friday morning. The firm currently has a $85.00 price objective on the bank’s stock.

A number of other brokerages have also recently issued reports on BOH. Zacks Investment Research upgraded shares of Bank of Hawaii Corporation from a sell rating to a hold rating in a report on Monday, July 3rd. BidaskClub upgraded shares of Bank of Hawaii Corporation from a strong sell rating to a sell rating in a report on Wednesday, June 14th. Finally, Barclays PLC restated an equal weight rating and set a $83.00 price objective (up previously from $81.00) on shares of Bank of Hawaii Corporation in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Bank of Hawaii Corporation has an average rating of Hold and a consensus price target of $78.43.

Shares of Bank of Hawaii Corporation (BOH) traded up 0.45% during midday trading on Friday, hitting $81.86. 131,487 shares of the stock were exchanged. Bank of Hawaii Corporation has a 12-month low of $66.38 and a 12-month high of $90.80. The firm has a market cap of $3.50 billion, a P/E ratio of 19.18 and a beta of 0.95. The stock’s 50 day moving average is $80.16 and its 200 day moving average is $83.40.

Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings data on Monday, April 24th. The bank reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.12. The firm had revenue of $165.79 million during the quarter, compared to analysts’ expectations of $159.45 million. Bank of Hawaii Corporation had a net margin of 27.57% and a return on equity of 15.61%. During the same quarter in the previous year, the company earned $1.16 earnings per share. On average, equities research analysts forecast that Bank of Hawaii Corporation will post $4.36 earnings per share for the current fiscal year.

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In other news, CEO Peter S. Ho sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $82.42, for a total value of $824,200.00. Following the completion of the transaction, the chief executive officer now owns 183,386 shares in the company, valued at $15,114,674.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter S. Ho sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $83.28, for a total transaction of $249,840.00. Following the completion of the transaction, the chief executive officer now owns 160,386 shares of the company’s stock, valued at approximately $13,356,946.08. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock valued at $2,306,590 in the last quarter. Corporate insiders own 2.16% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Crestwood Advisors Group LLC raised its stake in shares of Bank of Hawaii Corporation by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 2,469 shares of the bank’s stock worth $203,000 after buying an additional 15 shares in the last quarter. World Asset Management Inc raised its stake in shares of Bank of Hawaii Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock worth $216,000 after buying an additional 18 shares in the last quarter. Creative Planning raised its stake in shares of Bank of Hawaii Corporation by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock worth $134,000 after buying an additional 65 shares in the last quarter. State Treasurer State of Michigan raised its stake in shares of Bank of Hawaii Corporation by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,290 shares of the bank’s stock worth $1,424,000 after buying an additional 100 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in shares of Bank of Hawaii Corporation by 1.8% in the first quarter. Virginia Retirement Systems ET AL now owns 5,700 shares of the bank’s stock worth $469,000 after buying an additional 100 shares in the last quarter. 77.81% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Corporation Company Profile

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 products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Analyst Recommendations for Bank of Hawaii Corporation (NYSE:BOH)

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