Bank of Hawaii Corporation (BOH) – What Are Brokerages Thinking About This Stock?

Shares of Bank of Hawaii Corporation (NYSE:BOH) have earned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $85.00.

Several equities research analysts have recently weighed in on the company. DA Davidson raised their target price on Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Hawaii in a report on Friday, July 24th. Piper Sandler reduced their price objective on shares of Bank of Hawaii from $85.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Stephens downgraded shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd.

Bank of Hawaii Price Performance

Shares of BOH stock opened at $67.25 on Tuesday. The firm’s 50-day moving average is $73.47 and its two-hundred day moving average is $77.28. The company has a market capitalization of $2.65 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.81 and a beta of 0.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii has a 12 month low of $60.96 and a 12 month high of $86.31.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, July 27th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.46 by $0.01. The firm had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.51 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same period in the prior year, the business posted $1.06 EPS. Analysts predict that Bank of Hawaii will post 5.88 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, August 31st. Bank of Hawaii’s dividend payout ratio (DPR) is 52.24%.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Marco Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total value of $199,161.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.97% of the stock is currently owned by insiders.

Institutional Trading of Bank of Hawaii

Institutional investors and hedge funds have recently modified their holdings of the business. CoreFirst Bank & Trust increased its holdings in shares of Bank of Hawaii by 14.6% during the first quarter. CoreFirst Bank & Trust now owns 1,410 shares of the bank’s stock valued at $105,000 after acquiring an additional 180 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Bank of Hawaii by 23.1% during the first quarter. EverSource Wealth Advisors LLC now owns 985 shares of the bank’s stock valued at $73,000 after purchasing an additional 185 shares during the period. Royal Bank of Canada lifted its holdings in shares of Bank of Hawaii by 1.1% during the 1st quarter. Royal Bank of Canada now owns 20,799 shares of the bank’s stock valued at $1,544,000 after buying an additional 223 shares during the period. PNC Financial Services Group Inc. boosted its position in Bank of Hawaii by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the bank’s stock worth $566,000 after purchasing an additional 246 shares during the last quarter. Finally, Wealth Alliance LLC boosted its holdings in shares of Bank of Hawaii by 6.3% in the first quarter. Wealth Alliance LLC now owns 4,267 shares of the bank’s stock worth $317,000 after buying an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

About Bank of Hawaii

Bank of Hawaii Corporation is a regional financial services company headquartered in Honolulu, Hawaii. Through its principal subsidiary, Bank of Hawaii, the company provides banking and financial services to consumers, businesses, government entities and institutional clients.

The bank offers consumer deposit accounts, residential and consumer lending, credit cards and online and mobile banking. Its business banking services include commercial lending, cash management, treasury services, commercial deposits and international banking.