Bank of Hawaii Corporation (NYSE:BOH) Receives Average Recommendation of “Hold” from Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has earned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $85.40.

Several research analysts have weighed in on BOH shares. Barclays lifted their target price on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. 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, April 21st. Piper Sandler dropped their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. DA Davidson increased their target price on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Finally, Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds and other institutional investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. increased its holdings in shares of Bank of Hawaii by 122.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after purchasing an additional 557,148 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Bank of Hawaii during the first quarter worth about $34,385,000. Nuveen LLC grew its position in Bank of Hawaii by 455.6% during the fourth quarter. Nuveen LLC now owns 491,187 shares of the bank’s stock worth $33,582,000 after buying an additional 402,774 shares during the period. Bank of America Corp DE grew its position in Bank of Hawaii by 254.4% during the first quarter. Bank of America Corp DE now owns 360,138 shares of the bank’s stock worth $26,740,000 after buying an additional 258,508 shares during the period. Finally, Verition Fund Management LLC increased its holdings in Bank of Hawaii by 1,699.7% in the third quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after buying an additional 251,063 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

Shares of BOH traded down $0.09 during mid-day trading on Friday, reaching $82.64. 259,059 shares of the company’s stock were exchanged, compared to its average volume of 345,573. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $3.27 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70. The business’s fifty day simple moving average is $78.53 and its 200-day simple moving average is $75.79. Bank of Hawaii has a 52-week low of $59.36 and a 52-week high of $83.81.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $192.32 million for the quarter, compared to analyst estimates of $193.53 million. During the same quarter in the prior year, the company earned $0.97 EPS. On average, equities research analysts expect that Bank of Hawaii will post 5.91 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

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

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.