Bank of Hawaii Corporation (BOH) Receives Average Rating of “Hold” from Analysts
Bank of Hawaii Corporation (NYSE:BOH) has been assigned an average rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $84.75.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. BidaskClub lowered shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Barclays PLC reaffirmed an “equal weight” rating and set a $83.00 target price (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Finally, Morgan Stanley boosted their target price on shares of Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 6th.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Bank of Hawaii Corporation by 11,412.9% in the first quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock valued at $479,514,000 after buying an additional 5,771,608 shares during the period. Vanguard Group Inc. increased its position in Bank of Hawaii Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,671,470 shares of the bank’s stock worth $304,622,000 after buying an additional 75,570 shares during the last quarter. State Street Corp increased its position in Bank of Hawaii Corporation by 17.3% in the first quarter. State Street Corp now owns 1,994,913 shares of the bank’s stock worth $164,305,000 after buying an additional 294,607 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Bank of Hawaii Corporation by 9.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,208,500 shares of the bank’s stock worth $100,270,000 after buying an additional 101,583 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bank of Hawaii Corporation by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,030,384 shares of the bank’s stock worth $85,492,000 after buying an additional 20,389 shares during the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.
Bank of Hawaii Corporation (BOH) traded down 1.26% during trading on Tuesday, hitting $78.45. 163,389 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $81.86 and its 200 day moving average price is $81.83. The stock has a market cap of $3.34 billion, a P/E ratio of 18.33 and a beta of 0.95. Bank of Hawaii Corporation has a 12-month low of $70.12 and a 12-month high of $90.80.
Bank of Hawaii Corporation (NYSE:BOH) last announced its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The business had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Analysts anticipate that Bank of Hawaii Corporation will post $4.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.52 per share. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 29th. This represents a $2.08 annualized dividend and a yield of 2.65%. Bank of Hawaii Corporation’s dividend payout ratio is 46.62%.
About Bank of Hawaii Corporation
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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