Bank of Hawaii Corporation (NYSE:BOH)‘s stock had its “underweight” rating reaffirmed by research analysts at Morgan Stanley in a report issued on Wednesday. They currently have a $77.00 price target on the bank’s stock, up from their previous price target of $75.00. Morgan Stanley’s target price would suggest a potential downside of 7.18% from the stock’s current price.

Several other equities analysts have also issued reports on BOH. Zacks Investment Research lowered Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. BidaskClub lowered Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price objective on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Piper Jaffray Companies reiterated a “hold” rating and issued a $94.00 price objective on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 26th. Finally, Barclays PLC boosted their price objective on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $86.80.

Bank of Hawaii Corporation (BOH) traded down 1.26% during mid-day trading on Wednesday, reaching $82.96. 76,328 shares of the company’s stock were exchanged. The stock has a market cap of $3.54 billion, a P/E ratio of 19.39 and a beta of 0.99. The stock has a 50-day moving average price of $79.69 and a 200-day moving average price of $80.85. Bank of Hawaii Corporation has a 52 week low of $71.78 and a 52 week high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last posted its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The company had revenue of $157.52 million during the quarter, compared to analyst estimates of $157.76 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same period in the previous year, the company earned $1.03 EPS. On average, analysts forecast that Bank of Hawaii Corporation will post $4.43 earnings per share for the current year.

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In related news, insider Donna A. Tanoue sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $76.88, for a total value of $461,280.00. Following the completion of the transaction, the insider now directly owns 9,969 shares in the company, valued at approximately $766,416.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donna A. Tanoue sold 4,050 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were 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 sold a total of 11,235 shares of company stock valued at $860,767 over the last quarter. 2.16% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bank of Hawaii Corporation by 30.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock valued at $126,000 after purchasing an additional 355 shares during the period. Crestwood Advisors Group LLC grew its position in shares of Bank of Hawaii Corporation by 0.6% in the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after purchasing an additional 14 shares during the period. World Asset Management Inc grew its position in shares of Bank of Hawaii Corporation by 0.7% in the 1st quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock valued at $216,000 after purchasing an additional 18 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Bank of Hawaii Corporation in the 1st quarter valued at approximately $234,000. Finally, Shelton Capital Management acquired a new position in shares of Bank of Hawaii Corporation in the 2nd quarter valued at approximately $269,000. Institutional investors and hedge funds own 75.61% of the company’s stock.

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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