Bank of Hawaii (NYSE:BOH) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Bank of Hawaii (NYSE:BOH) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other research analysts have also recently issued reports on the company. Stephens lifted their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays lifted their price objective on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. DA Davidson lifted their price objective on Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Piper Sandler cut their price objective on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Bank of Hawaii presently has a consensus rating of “Hold” and an average target price of $85.40.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock opened at $77.08 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.70. Bank of Hawaii has a fifty-two week low of $59.36 and a fifty-two week high of $82.74. The firm has a fifty day moving average price of $76.18 and a two-hundred day moving average price of $71.23. The company has a market cap of $3.06 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.72 and a beta of 0.72.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, April 20th. The bank reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). The firm had revenue of $192.32 million during the quarter, compared to the consensus estimate of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same period last year, the business earned $0.97 earnings per share. Analysts expect that Bank of Hawaii will post 5.86 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, May 29th. Bank of Hawaii’s payout ratio is currently 56.57%.

Hedge Funds Weigh In On Bank of Hawaii

Several institutional investors have recently modified their holdings of BOH. DF Dent & Co. Inc. grew its position 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 valued at $225,000 after purchasing an additional 157 shares during the period. MAI Capital Management grew its position in shares of Bank of Hawaii by 5.7% in the 3rd quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock valued at $195,000 after purchasing an additional 160 shares during the period. Hantz Financial Services Inc. grew its position in shares of Bank of Hawaii by 11.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank’s stock valued at $104,000 after purchasing an additional 160 shares during the period. First Affirmative Financial Network grew its position in shares of Bank of Hawaii by 5.6% in the 3rd quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock valued at $220,000 after purchasing an additional 178 shares during the period. Finally, Rothschild Investment LLC grew its position in shares of Bank of Hawaii by 6.2% in the 4th quarter. Rothschild Investment LLC now owns 3,213 shares of the bank’s stock valued at $220,000 after purchasing an additional 188 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.