Bank of Hawaii (NYSE:BOH) Hits New 1-Year High – Here’s What Happened

Shares of Bank of Hawaii Corporation (NYSE:BOH) reached a new 52-week high during trading on Thursday . The stock traded as high as $83.18 and last traded at $82.9750, with a volume of 37439 shares changing hands. The stock had previously closed at $81.75.

Wall Street Analyst Weigh In

A number of research firms have commented on BOH. Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. DA Davidson boosted their price target on Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Stephens upped their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and a consensus price target of $85.40.

Bank of Hawaii Trading Down 0.5%

The firm has a market cap of $3.22 billion, a PE ratio of 16.43, a P/E/G ratio of 0.85 and a beta of 0.71. The company’s fifty day moving average price is $78.08 and its two-hundred day moving average price is $75.17. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.The firm had revenue of $192.32 million for the quarter, compared to analysts’ expectations of $193.53 million. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, sell-side analysts forecast that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.70 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. Bank of Hawaii’s payout ratio is 56.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOH. Danske Bank A S purchased a new position in shares of Bank of Hawaii in the 4th quarter valued at about $27,000. Western Wealth Management LLC acquired a new position in Bank of Hawaii during the first quarter worth about $33,000. SHP Wealth Management purchased a new position in Bank of Hawaii in the fourth quarter valued at about $34,000. Quarry LP increased its holdings in Bank of Hawaii by 1,497.2% in the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Bank of Hawaii during the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

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.