Bank of Hawaii Corporation (NYSE:BOH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company’s principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. “

A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii Corporation in a research report on Friday, September 15th. Barclays PLC reiterated an “equal weight” rating and issued a $83.00 price target (up from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Morgan Stanley increased their price objective on shares of Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 6th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $94.00 price objective on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $86.40.

Shares of Bank of Hawaii Corporation (NYSE:BOH) traded down 0.44% on Tuesday, reaching $84.02. 115,210 shares of the company’s stock traded hands. Bank of Hawaii Corporation has a 52-week low of $71.78 and a 52-week high of $90.80. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 19.64 and a beta of 0.98. The firm’s 50-day moving average is $79.62 and its 200-day moving average is $80.86.

Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. The firm had revenue of $157.52 million for the quarter, compared to analysts’ expectations of $157.76 million. During the same period in the previous year, the firm earned $1.03 EPS. Analysts anticipate that Bank of Hawaii Corporation will post $4.43 EPS for the current fiscal year.

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In related news, insider Donna A. Tanoue sold 1,185 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $76.86, for a total value of $91,079.10. Following the transaction, the insider now directly owns 15,204 shares of the company’s stock, valued at approximately $1,168,579.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Donna A. Tanoue sold 4,050 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $76.15, for a total value of $308,407.50. Following the completion of the transaction, the insider now owns 9,969 shares of the company’s stock, valued at $759,139.35. The disclosure for this sale can be found here. Insiders have sold a total of 11,235 shares of company stock worth $860,767 in the last three months. 2.16% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bank of Hawaii Corporation by 30.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock valued at $126,000 after buying an additional 355 shares during the last quarter. Crestwood Advisors Group LLC lifted its holdings in shares of Bank of Hawaii Corporation by 0.6% in the second quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock worth $206,000 after buying an additional 14 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of Bank of Hawaii Corporation 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 in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Bank of Hawaii Corporation in the first quarter worth $234,000. Finally, Shelton Capital Management purchased a new position in shares of Bank of Hawaii Corporation in the second quarter worth $269,000. 75.61% of the stock is owned by institutional investors and hedge funds.

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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