Bank of Hawaii (NYSE:BOH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bank of Hawaii (NYSE:BOH) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 22nd. DA Davidson reiterated a “neutral” rating and issued a $70.00 price target on shares of Bank of Hawaii in a report on Tuesday, October 28th. Finally, Barclays boosted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and an average price target of $71.25.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $69.29 on Friday. The stock’s 50-day moving average is $66.53 and its 200-day moving average is $66.31. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 0.74 and a beta of 0.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii has a 12 month low of $57.44 and a 12 month high of $76.00.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Tuesday, October 28th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.The business had revenue of $182.64 million during the quarter, compared to analysts’ expectations of $180.95 million. During the same quarter in the previous year, the business earned $0.93 EPS. Equities analysts anticipate that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 68.63%.

Hedge Funds Weigh In On Bank of Hawaii

Hedge funds have recently bought and sold shares of the company. DF Dent & Co. Inc. lifted its holdings in shares of Bank of Hawaii by 4.8% in the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after purchasing an additional 157 shares during the last quarter. MAI Capital Management increased its position in Bank of Hawaii by 5.7% in the third quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock worth $195,000 after buying an additional 160 shares during the period. First Affirmative Financial Network lifted its stake in Bank of Hawaii by 5.6% in the third quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock valued at $220,000 after buying an additional 178 shares during the last quarter. Comerica Bank boosted its holdings in shares of Bank of Hawaii by 1.0% during the first quarter. Comerica Bank now owns 18,581 shares of the bank’s stock valued at $1,282,000 after acquiring an additional 185 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of Bank of Hawaii by 1.2% during the second quarter. Cerity Partners LLC now owns 16,391 shares of the bank’s stock valued at $1,107,000 after acquiring an additional 196 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.