Bank of Hawaii (NYSE:BOH) Cut to Sell at ValuEngine

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ValuEngine cut shares of Bank of Hawaii (NYSE:BOH) from a hold rating to a sell rating in a research report released on Wednesday, October 17th.

Several other equities research analysts have also recently commented on BOH. Zacks Investment Research upgraded Bank of Hawaii from a hold rating to a buy rating and set a $96.00 target price on the stock in a research note on Thursday, July 12th. Keefe, Bruyette & Woods reiterated a hold rating and set a $89.00 price objective on shares of Bank of Hawaii in a research note on Tuesday, July 24th. Finally, Morgan Stanley upped their price objective on Bank of Hawaii from $86.00 to $87.00 and gave the stock an underweight rating in a research note on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Bank of Hawaii presently has a consensus rating of Hold and a consensus target price of $90.90.

Shares of BOH traded up $0.25 on Wednesday, hitting $79.85. The company’s stock had a trading volume of 379,060 shares, compared to its average volume of 303,579. The firm has a market capitalization of $3.34 billion, a PE ratio of 18.11, a P/E/G ratio of 2.02 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 0.68. Bank of Hawaii has a fifty-two week low of $72.85 and a fifty-two week high of $89.09.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 22nd. The bank reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.02. The firm had revenue of $164.41 million for the quarter, compared to analysts’ expectations of $165.69 million. Bank of Hawaii had a return on equity of 17.07% and a net margin of 29.49%. During the same quarter in the previous year, the business posted $1.08 EPS. Equities research analysts predict that Bank of Hawaii will post 5.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.62 per share. The ex-dividend date is Thursday, November 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.11%. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.60. Bank of Hawaii’s dividend payout ratio is currently 54.42%.

In other news, Director Barbara J. Tanabe sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.04% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Arizona State Retirement System raised its stake in Bank of Hawaii by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 29,345 shares of the bank’s stock valued at $2,448,000 after acquiring an additional 671 shares during the period. BB&T Securities LLC raised its stake in Bank of Hawaii by 5.2% in the 2nd quarter. BB&T Securities LLC now owns 13,986 shares of the bank’s stock valued at $1,166,000 after acquiring an additional 691 shares during the period. AXA raised its stake in Bank of Hawaii by 1.3% in the 3rd quarter. AXA now owns 57,498 shares of the bank’s stock valued at $4,537,000 after acquiring an additional 713 shares during the period. Bbva Compass Bancshares Inc. raised its stake in Bank of Hawaii by 5.8% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 14,548 shares of the bank’s stock valued at $1,148,000 after acquiring an additional 803 shares during the period. Finally, Blair William & Co. IL raised its stake in Bank of Hawaii by 20.4% in the 1st quarter. Blair William & Co. IL now owns 5,049 shares of the bank’s stock valued at $420,000 after acquiring an additional 854 shares during the period. Institutional investors own 75.69% 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 financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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Analyst Recommendations for Bank of Hawaii (NYSE:BOH)

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