Bank of Hawaii Corp. (BOH) Receives Consensus Rating of “Hold” from Analysts
Shares of Bank of Hawaii Corp. (NYSE:BOH) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $70.00.
A number of brokerages have recently issued reports on BOH. Zacks Investment Research raised Bank of Hawaii Corp. from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Monday, October 10th. Compass Point began coverage on Bank of Hawaii Corp. in a research report on Thursday, August 11th. They set a “neutral” rating and a $69.00 target price on the stock. RBC Capital Markets reaffirmed a “sector perform” rating and set a $72.00 target price (up from $68.00) on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 target price on shares of Bank of Hawaii Corp. in a research report on Tuesday, July 26th. Finally, Royal Bank Of Canada lifted their price target on Bank of Hawaii Corp. from $68.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 26th.
A number of institutional investors have recently modified their holdings of BOH. Pacad Investment Ltd. bought a new position in shares of Bank of Hawaii Corp. during the first quarter worth approximately $294,000. TIAA CREF Investment Management LLC increased its position in shares of Bank of Hawaii Corp. by 15.5% in the first quarter. TIAA CREF Investment Management LLC now owns 111,789 shares of the company’s stock worth $7,633,000 after buying an additional 14,976 shares during the last quarter. Teachers Advisors Inc. increased its position in shares of Bank of Hawaii Corp. by 0.3% in the first quarter. Teachers Advisors Inc. now owns 91,385 shares of the company’s stock worth $6,240,000 after buying an additional 237 shares during the last quarter. BlackRock Inc. increased its position in shares of Bank of Hawaii Corp. by 5.2% in the first quarter. BlackRock Inc. now owns 26,726 shares of the company’s stock worth $1,824,000 after buying an additional 1,311 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of Bank of Hawaii Corp. by 14.2% in the first quarter. BlackRock Group LTD now owns 73,475 shares of the company’s stock worth $5,016,000 after buying an additional 9,110 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.
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Bank of Hawaii Corp. (NYSE:BOH) traded up 0.60% during mid-day trading on Tuesday, reaching $73.32. The company’s stock had a trading volume of 104,124 shares. The firm has a market capitalization of $3.14 billion, a PE ratio of 18.48 and a beta of 0.99. The stock’s 50-day moving average is $72.20 and its 200-day moving average is $69.76. Bank of Hawaii Corp. has a 12 month low of $54.55 and a 12 month high of $74.69.
Bank of Hawaii Corp. (NYSE:BOH) last announced its earnings results on Monday, July 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.10. Bank of Hawaii Corp. had a return on equity of 15.21% and a net margin of 26.96%. The business had revenue of $150.10 million for the quarter, compared to analyst estimates of $149.13 million. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Bank of Hawaii Corp. will post $4.17 EPS for the current year.
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.
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