Bank of Hawaii Co. (NYSE:BOH) Given Average Recommendation of “Reduce” by Analysts

Bank of Hawaii Co. (NYSE:BOH) has been assigned an average recommendation of “Reduce” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $71.83.

A number of research firms recently weighed in on BOH. DA Davidson lifted their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Stephens began coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective on the stock. Piper Sandler raised their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Barclays boosted their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now owns 13,717 shares in the company, valued at $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.11% of the company’s stock.

Institutional Trading of Bank of Hawaii

Several large investors have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its stake in shares of Bank of Hawaii by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after acquiring an additional 154 shares during the last quarter. Glenmede Trust Co. NA raised its position in Bank of Hawaii by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock valued at $396,000 after purchasing an additional 182 shares during the last quarter. Cadinha & Co. LLC boosted its stake in Bank of Hawaii by 12.2% in the fourth quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock worth $277,000 after purchasing an additional 423 shares in the last quarter. Harrington Investments INC grew its holdings in shares of Bank of Hawaii by 2.3% during the third quarter. Harrington Investments INC now owns 20,156 shares of the bank’s stock worth $1,265,000 after purchasing an additional 450 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Bank of Hawaii by 29.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock valued at $150,000 after buying an additional 536 shares in the last quarter. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Down 0.3 %

BOH opened at $70.94 on Monday. The business has a 50 day moving average of $73.39 and a 200-day moving average of $69.16. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 21.30 and a beta of 1.05. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii has a 1-year low of $54.50 and a 1-year high of $82.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The company had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. During the same period last year, the business posted $1.17 EPS. As a group, sell-side analysts anticipate that Bank of Hawaii will post 3.54 earnings per share for the current year.

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.