Bank of Hawaii Co. (NYSE:BOH) Receives $59.00 Average PT from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have earned a consensus rating of “Strong Sell” from the five brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $59.00.

A number of equities analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, July 23rd. Piper Sandler lowered shares of Bank of Hawaii from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $70.00 to $61.00 in a research report on Monday, August 12th. Finally, Jefferies Financial Group lifted their target price on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd.

Bank of Hawaii Trading Down 0.7 %

Shares of NYSE:BOH opened at $62.43 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s 50-day moving average is $65.37 and its 200-day moving average is $61.11. The company has a market cap of $2.48 billion, a P/E ratio of 16.09 and a beta of 1.05. Bank of Hawaii has a 52-week low of $45.56 and a 52-week high of $75.19.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The business had revenue of $255.62 million during the quarter, compared to the consensus estimate of $157.12 million. During the same period in the prior year, the firm earned $1.12 earnings per share. Equities research analysts predict that Bank of Hawaii will post 3.45 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, August 30th. Bank of Hawaii’s dividend payout ratio is 72.16%.

Insider Transactions at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 2,364 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $67.80, for a total value of $160,279.20. Following the sale, the insider now owns 10,785 shares of the company’s stock, valued at $731,223. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.11% of the stock is owned by insiders.

Hedge Funds Weigh In On Bank of Hawaii

Several hedge funds and other institutional investors have recently modified their holdings of BOH. Point72 DIFC Ltd acquired a new position in Bank of Hawaii during the second quarter worth $119,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Bank of Hawaii during the 2nd quarter valued at about $106,000. Algert Global LLC bought a new position in Bank of Hawaii during the 2nd quarter valued at about $229,000. The Manufacturers Life Insurance Company boosted its position in Bank of Hawaii by 5.1% in the second quarter. The Manufacturers Life Insurance Company now owns 21,878 shares of the bank’s stock valued at $1,252,000 after buying an additional 1,061 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Bank of Hawaii during the second quarter worth about $2,230,000. Institutional investors own 82.18% of the company’s stock.

About Bank of Hawaii

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.