Bank of Hawaii Corporation (NYSE:BOH)‘s stock had its “hold” rating reiterated by Piper Jaffray Companies in a research note issued on Tuesday. They currently have a $90.50 price target on the bank’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 8.14% from the stock’s current price.

A number of other analysts also recently issued reports on BOH. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 target price on shares of Bank of Hawaii Corporation in a research report on Tuesday. Zacks Investment Research downgraded Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 target price on shares of Bank of Hawaii Corporation in a research report on Wednesday, October 11th. BidaskClub downgraded Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley reiterated an “underweight” rating and set a $77.00 price target (up previously from $75.00) on shares of Bank of Hawaii Corporation in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $87.92.

Bank of Hawaii Corporation (BOH) traded down 1.23% during mid-day trading on Tuesday, hitting $82.66. The stock had a trading volume of 288,133 shares. The company has a market capitalization of $3.52 billion, a P/E ratio of 19.32 and a beta of 0.98. The stock’s 50-day moving average is $81.55 and its 200 day moving average is $81.20. Bank of Hawaii Corporation has a 52 week low of $72.97 and a 52 week high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last released its earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $158.73 million for the quarter, compared to the consensus estimate of $163.29 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same quarter in the previous year, the business earned $1.02 earnings per share. Equities analysts forecast that Bank of Hawaii Corporation will post $4.42 earnings per share for the current fiscal year.

Bank of Hawaii Corporation announced that its Board of Directors has initiated a share repurchase program on Monday, October 23rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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In other news, insider Donna A. Tanoue sold 4,050 shares of the business’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 transaction of $308,407.50. Following the completion of the sale, the insider now owns 9,969 shares in the company, valued at $759,139.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the insider now owns 15,204 shares of the company’s stock, valued at approximately $1,168,579.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,235 shares of company stock valued at $860,767. Corporate insiders own 2.16% of the company’s stock.

Several large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Bank of Hawaii Corporation by 12.3% during the third quarter. First Trust Advisors LP now owns 286,893 shares of the bank’s stock worth $23,915,000 after acquiring an additional 31,342 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Bank of Hawaii Corporation by 3.2% during the third quarter. Nationwide Fund Advisors now owns 141,951 shares of the bank’s stock worth $11,833,000 after acquiring an additional 4,428 shares during the period. Harrington Investments INC bought a new stake in shares of Bank of Hawaii Corporation during the third quarter worth approximately $2,017,000. Wasatch Advisors Inc. boosted its holdings in shares of Bank of Hawaii Corporation by 4.0% during the second quarter. Wasatch Advisors Inc. now owns 787,183 shares of the bank’s stock worth $65,313,000 after acquiring an additional 30,009 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Bank of Hawaii Corporation by 8.7% during the second quarter. Public Employees Retirement System of Ohio now owns 53,129 shares of the bank’s stock worth $4,408,000 after acquiring an additional 4,252 shares during the period. Institutional investors own 75.72% of the company’s stock.

Bank of Hawaii Corporation 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.

Analyst Recommendations for Bank of Hawaii Corporation (NYSE:BOH)

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