Bank of Hawaii Co. (BOH) Receives Consensus Recommendation of “Hold” from Analysts
Bank of Hawaii Co. (NYSE:BOH) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $76.17.
Separately, Zacks Investment Research downgraded shares of Bank of Hawaii from a “buy” rating to a “sell” rating in a report on Thursday, April 6th.
In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $82.17, for a total value of $1,232,550.00. Following the sale, the chief executive officer now directly owns 173,386 shares in the company, valued at $14,247,127.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter S. Ho sold 3,000 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $83.28, for a total value of $249,840.00. Following the completion of the sale, the chief executive officer now owns 160,386 shares in the company, valued at $13,356,946.08. The disclosure for this sale can be found here. Insiders sold 65,497 shares of company stock worth $5,493,400 over the last quarter. 2.52% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of BOH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Bank of Hawaii by 30.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock worth $126,000 after buying an additional 355 shares during the last quarter. Creative Planning boosted its stake in Bank of Hawaii by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock worth $134,000 after buying an additional 65 shares during the last quarter. United Capital Financial Advisers LLC bought a new stake in Bank of Hawaii during the fourth quarter worth about $208,000. Crestwood Advisors Group LLC boosted its stake in Bank of Hawaii by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 2,469 shares of the bank’s stock worth $203,000 after buying an additional 15 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in Bank of Hawaii by 0.7% in the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock worth $216,000 after buying an additional 18 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.
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Bank of Hawaii (NYSE:BOH) traded up 0.35% during mid-day trading on Friday, reaching $78.39. 121,587 shares of the company traded hands. The stock has a market capitalization of $3.35 billion, a PE ratio of 18.36 and a beta of 0.92. Bank of Hawaii has a 52-week low of $64.96 and a 52-week high of $90.80. The firm’s 50-day moving average is $81.00 and its 200 day moving average is $83.90.
Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 24th. The bank reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The firm had revenue of $165.79 million during the quarter, compared to the consensus estimate of $159.45 million. Bank of Hawaii had a net margin of 27.69% and a return on equity of 15.71%. During the same quarter in the previous year, the company posted $1.16 earnings per share. On average, equities research analysts expect that Bank of Hawaii will post $4.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.55%. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, May 26th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 45.39%.
Bank of Hawaii Company Profile
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 products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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