Bank of Hawaii (NYSE:BOH) was upgraded by Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Monday, The Fly reports.
Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $88.00 price objective on shares of Bank of Hawaii in a report on Tuesday, October 24th. Zacks Investment Research lowered Bank of Hawaii from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Piper Jaffray Companies reissued a “hold” rating and set a $90.50 price objective on shares of Bank of Hawaii in a report on Tuesday, October 24th. Morgan Stanley increased their price objective on Bank of Hawaii from $76.00 to $88.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Finally, Jefferies Group reissued a “hold” rating and set a $92.00 price objective on shares of Bank of Hawaii in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $89.75.
Bank of Hawaii (NYSE BOH) opened at $85.82 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $3,644.91, a PE ratio of 19.73, a PEG ratio of 2.28 and a beta of 0.97. Bank of Hawaii has a fifty-two week low of $74.72 and a fifty-two week high of $90.80.
Bank of Hawaii announced that its Board of Directors has authorized a stock repurchase plan on Monday, October 23rd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Bank of Hawaii by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,671,470 shares of the bank’s stock valued at $304,622,000 after purchasing an additional 75,570 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Bank of Hawaii by 2.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,582 shares of the bank’s stock valued at $103,249,000 after purchasing an additional 30,082 shares during the period. Macquarie Group Ltd. boosted its stake in Bank of Hawaii by 6.6% during the 3rd quarter. Macquarie Group Ltd. now owns 1,082,303 shares of the bank’s stock valued at $90,221,000 after purchasing an additional 66,628 shares during the period. Dimensional Fund Advisors LP boosted its stake in Bank of Hawaii by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,036,874 shares of the bank’s stock valued at $86,434,000 after purchasing an additional 6,490 shares during the period. Finally, American Century Companies Inc. boosted its stake in Bank of Hawaii by 28.9% during the 3rd quarter. American Century Companies Inc. now owns 1,025,878 shares of the bank’s stock valued at $85,517,000 after purchasing an additional 229,779 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.
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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.
