Bank of Hawaii (NYSE:BOH) Shares Gap Down to $65.79

Shares of Bank of Hawaii Co. (NYSE:BOH) gapped down before the market opened on Monday . The stock had previously closed at $65.79, but opened at $63.95. Bank of Hawaii shares last traded at $65.72, with a volume of 43,957 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BOH. Keefe, Bruyette & Woods upped their price target on shares of Bank of Hawaii from $58.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, July 23rd. Barclays decreased their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, April 23rd. DA Davidson upped their target price on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, May 30th. Finally, Jefferies Financial Group boosted their price target on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $59.00.

Bank of Hawaii Stock Up 1.5 %

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.56 billion, a PE ratio of 16.61 and a beta of 1.06. The business’s 50-day simple moving average is $61.19 and its 200 day simple moving average is $60.39.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $255.62 million for the quarter, compared to the consensus estimate of $157.12 million. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, equities research analysts expect that Bank of Hawaii Co. will post 3.37 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.70 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.35%. Bank of Hawaii’s dividend payout ratio is presently 72.16%.

Insider Buying and Selling

In other Bank of Hawaii news, insider Taryn L. Salmon sold 2,364 shares of Bank of Hawaii stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $67.80, for a total value of $160,279.20. Following the transaction, the insider now owns 10,785 shares in the company, valued at $731,223. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bank of Hawaii

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth about $41,000. Quest Partners LLC purchased a new stake in Bank of Hawaii during the 4th quarter worth approximately $41,000. Strs Ohio acquired a new position in Bank of Hawaii during the 4th quarter valued at approximately $50,000. Rothschild Investment LLC purchased a new position in shares of Bank of Hawaii in the second quarter worth $172,000. Finally, Bridges Investment Management Inc. purchased a new position in shares of Bank of Hawaii in the second quarter worth $205,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.