Bank of Hawaii Co. (NYSE:BOH) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $86.50.

Several equities research analysts recently commented on the company. Jefferies Group reissued a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii in a research note on Friday, September 15th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $88.00 price target on shares of Bank of Hawaii in a research note on Tuesday, October 24th. Zacks Investment Research cut Bank of Hawaii from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Morgan Stanley restated an “underweight” rating and issued a $77.00 target price (up from $75.00) on shares of Bank of Hawaii in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $90.50 target price on shares of Bank of Hawaii in a report on Tuesday, October 24th.

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 sale, the insider now directly owns 9,969 shares in the company, valued at approximately $766,416.72. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $76.15, for a total value of $308,407.50. Following the completion of the sale, 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. 2.16% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Bank of Hawaii by 2.1% during 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. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Bank of Hawaii by 2.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,582 shares of the bank’s stock worth $103,249,000 after buying an additional 30,082 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Bank of Hawaii by 6.6% during the third quarter. Macquarie Group Ltd. now owns 1,082,303 shares of the bank’s stock worth $90,221,000 after buying an additional 66,628 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bank of Hawaii by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,036,874 shares of the bank’s stock worth $86,434,000 after buying an additional 6,490 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Bank of Hawaii by 28.9% during the third quarter. American Century Companies Inc. now owns 1,025,878 shares of the bank’s stock worth $85,517,000 after buying an additional 229,779 shares during the last quarter. Hedge funds and other institutional investors own 75.60% of the company’s stock.

Shares of Bank of Hawaii (NYSE BOH) traded up $0.46 during midday trading on Thursday, hitting $84.86. The company had a trading volume of 131,812 shares, compared to its average volume of 192,928. The company has a market cap of $3,633.62, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. Bank of Hawaii has a 1-year low of $74.72 and a 1-year high of $90.80. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.22.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $158.73 million during the quarter, compared to analysts’ expectations of $163.29 million. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. During the same quarter in the previous year, the business posted $1.02 EPS. analysts predict that Bank of Hawaii will post 4.42 EPS for the current fiscal year.

Bank of Hawaii announced that its board has authorized a stock buyback program on Monday, October 23rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.08 annualized dividend and a yield of 2.45%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 47.82%.

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Bank of Hawaii 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 (NYSE:BOH)

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