Bank of Hawaii Corporation (BOH) Issues Earnings Results
Bank of Hawaii Corporation (NYSE:BOH) announced its earnings results on Monday. The bank reported $1.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.08, Briefing.com reports. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. During the same quarter in the previous year, the company earned $1.02 earnings per share.
Shares of Bank of Hawaii Corporation (NYSE BOH) opened at 85.09 on Monday. Bank of Hawaii Corporation has a 52 week low of $72.97 and a 52 week high of $90.80. The stock has a 50 day moving average of $81.40 and a 200-day moving average of $81.16. The stock has a market capitalization of $3.63 billion, a PE ratio of 19.89 and a beta of 0.99.
BOH has been the subject of a number of research reports. Zacks Investment Research raised shares of Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 target price on shares of Bank of Hawaii Corporation in a report on Friday, September 15th. BidaskClub cut shares of Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC upped their target price on shares of Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, July 25th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $77.00 target price (up from $75.00) on shares of Bank of Hawaii Corporation in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Bank of Hawaii Corporation currently has a consensus rating of “Hold” and an average price target of $88.60.
In related news, insider Donna A. Tanoue sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Donna A. Tanoue sold 4,050 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $76.15, for a total transaction 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. Over the last quarter, insiders sold 11,235 shares of company stock valued at $860,767. Company insiders own 2.16% of the company’s stock.
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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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