Shares of Bank of Hawaii Corp. (NYSE:BOH) gapped up prior to trading on Wednesday . The stock had previously closed at $70.82, but opened at $70.98. Bank of Hawaii Corp. shares last traded at $71.87, with a volume of 57,017 shares changing hands.

Several analysts have commented on BOH shares. DA Davidson upped their price objective on Bank of Hawaii Corp. from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, July 26th. Compass Point started coverage on Bank of Hawaii Corp. in a research note on Thursday, August 11th. They set a “neutral” rating and a $69.00 price objective for the company. Royal Bank Of Canada upped their price objective on Bank of Hawaii Corp. from $68.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 26th. Piper Jaffray Cos. started coverage on Bank of Hawaii Corp. in a research note on Friday, July 8th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $72.00 price objective (up from $68.00) on shares of Bank of Hawaii Corp. in a research note on Tuesday, July 26th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Bank of Hawaii Corp. has a consensus rating of “Hold” and an average price target of $68.91.

The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 18.09 and a beta of 1.06. The firm has a 50 day moving average price of $70.57 and a 200-day moving average price of $69.13.

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Bank of Hawaii Corp. (NYSE:BOH) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.10. The business earned $150.10 million during the quarter, compared to the consensus estimate of $149.13 million. Bank of Hawaii Corp. had a return on equity of 15.21% and a net margin of 26.96%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. On average, equities analysts expect that Bank of Hawaii Corp. will post $4.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.48 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.92 dividend on an annualized basis and a yield of 2.67%. Bank of Hawaii Corp.’s payout ratio is currently 48.36%.

Institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its position in shares of Bank of Hawaii Corp. by 5.4% in the second quarter. BlackRock Fund Advisors now owns 3,836,304 shares of the company’s stock worth $263,938,000 after buying an additional 195,528 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Bank of Hawaii Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 3,179,039 shares of the company’s stock worth $218,717,000 after buying an additional 97,065 shares during the last quarter. State Street Corp increased its position in shares of Bank of Hawaii Corp. by 3.5% in the first quarter. State Street Corp now owns 1,688,551 shares of the company’s stock worth $115,292,000 after buying an additional 56,915 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Bank of Hawaii Corp. by 1.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,275,677 shares of the company’s stock worth $87,767,000 after buying an additional 20,509 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Bank of Hawaii Corp. by 3.7% in the second quarter. American Century Companies Inc. now owns 1,205,771 shares of the company’s stock worth $82,957,000 after buying an additional 42,553 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.

About Bank of Hawaii Corp.

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

5 Day Chart for NYSE:BOH

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