Bank of Hawaii (NYSE:BOH) Rating Lowered to “Sell” at Wall Street Zen

Bank of Hawaii (NYSE:BOH) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on BOH. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of Hawaii in a research report on Tuesday, November 25th. Barclays increased 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 report on Tuesday, October 28th. DA Davidson reissued a “neutral” rating and set a $70.00 target price on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Finally, Piper Sandler started coverage on shares of Bank of Hawaii in a research note on Thursday, August 21st. They issued a “neutral” rating and a $71.00 target price for the company. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.25.

Bank of Hawaii Stock Down 0.2%

Shares of Bank of Hawaii stock opened at $66.48 on Friday. The company has a fifty day moving average price of $64.64 and a 200 day moving average price of $65.99. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.39. Bank of Hawaii has a twelve month low of $57.44 and a twelve month high of $77.43. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.71 and a beta of 0.75.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Tuesday, October 28th. The bank reported $1.20 EPS for the quarter, beating the consensus estimate of $1.13 by $0.07. The company had revenue of $182.64 million for the quarter, compared to analyst estimates of $180.95 million. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.During the same period last year, the company posted $0.93 earnings per share. Equities research analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in Bank of Hawaii by 150.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after acquiring an additional 270 shares in the last quarter. Quarry LP lifted its position in shares of Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after purchasing an additional 539 shares during the last quarter. Strs Ohio acquired a new position in Bank of Hawaii in the first quarter worth about $41,000. EverSource Wealth Advisors LLC grew its stake in Bank of Hawaii by 461.3% in the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after purchasing an additional 512 shares in the last quarter. Finally, State of Wyoming increased its holdings in Bank of Hawaii by 8,220.0% in the second quarter. State of Wyoming now owns 832 shares of the bank’s stock valued at $56,000 after buying an additional 822 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.