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

Shares of Bank of Hawaii Corporation (NYSE:BOH) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $78.40.

Several analysts recently weighed in on the stock. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of Bank of Hawaii in a research report on Tuesday, October 27th. Barclays decreased their target price on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, July 28th. Weiss Ratings cut Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Finally, Stephens cut their price target on Bank of Hawaii from $82.00 to $76.00 and set an “equal weight” rating on the stock in a report on Monday, November 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BOH. BlackRock Inc. acquired a new position in shares of Bank of Hawaii during the second quarter valued at $470,538,000. NFJ Investment Group LLC bought a new position in Bank of Hawaii in the 2nd quarter valued at about $39,758,000. Bank of New York Mellon Corp bought a new position in Bank of Hawaii in the 2nd quarter valued at about $37,864,000. Bank of America Corp DE acquired a new position in Bank of Hawaii during the 2nd quarter valued at about $28,074,000. Finally, Basswood Capital Management L.L.C. acquired a new position in Bank of Hawaii during the 2nd quarter valued at about $26,443,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

BOH traded down $0.37 during trading on Friday, reaching $69.57. 268,697 shares of the company were exchanged, compared to its average volume of 425,676. The stock has a market cap of $2.73 billion, a P/E ratio of 12.31, a PEG ratio of 0.87 and a beta of 0.72. The firm has a 50 day moving average of $71.19 and a 200 day moving average of $76.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58. Bank of Hawaii has a 52 week low of $62.54 and a 52 week high of $86.31.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, October 26th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). Bank of Hawaii had a net margin of 22.89% and a return on equity of 16.35%. The company had revenue of $198.76 million during the quarter, compared to the consensus estimate of $202.59 million. During the same quarter in the previous year, the business posted $1.20 earnings per share. On average, sell-side analysts forecast that Bank of Hawaii will post 5.86 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, November 30th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 49.56%.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation is the parent company of Bank of Hawaii, a regional financial institution headquartered in Honolulu. Founded in 1897, the bank provides banking and financial services to consumers, businesses, and government entities, with a primary focus on Hawaii and selected Pacific markets.

Its consumer banking business offers deposit accounts, residential and consumer lending, credit cards, online and mobile banking, and other personal financial products. Through its commercial banking operations, Bank of Hawaii provides business loans, commercial real estate financing, treasury management, payments, and deposit services to companies and institutions.

The company also provides wealth management, trust, investment management, and private banking services.