Bank of Hawaii Corporation (NYSE:BOH) Given Average Rating of “Moderate Buy” by Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $81.80.

A number of brokerages recently commented on BOH. Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. Zacks Research upgraded Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Barclays increased their target price on Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods upgraded shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $75.00 to $91.00 in a research note on Tuesday, January 27th.

Insider Buying and Selling at Bank of Hawaii

In other news, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the transaction, the chief executive officer owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.97% of the company’s stock.

Institutional Trading of Bank of Hawaii

Several hedge funds and other institutional investors have recently bought and sold shares of BOH. Royal Bank of Canada lifted its holdings in Bank of Hawaii by 16.4% during the 1st quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock worth $1,808,000 after buying an additional 3,689 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Bank of Hawaii by 177.5% in the 1st quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock valued at $1,617,000 after acquiring an additional 15,234 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bank of Hawaii by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock valued at $1,605,000 after acquiring an additional 1,027 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Bank of Hawaii by 35.8% during the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock valued at $1,366,000 after acquiring an additional 5,227 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Bank of Hawaii during the 1st quarter valued at approximately $41,000. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Down 1.2%

Bank of Hawaii stock traded down $0.88 during midday trading on Friday, hitting $73.13. 18,595 shares of the stock were exchanged, compared to its average volume of 437,484. Bank of Hawaii has a 1 year low of $57.44 and a 1 year high of $80.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $2.91 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.75 and a beta of 0.73. The company has a 50 day moving average price of $75.34 and a two-hundred day moving average price of $69.63.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The company had revenue of $189.65 million during the quarter, compared to analysts’ expectations of $184.83 million. During the same period in the prior year, the company posted $0.85 EPS. On average, sell-side analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 60.61%.

About Bank of Hawaii

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.