Bank of Hawaii (NYSE:BOH) Raised to “Hold” at Wall Street Zen

Bank of Hawaii (NYSE:BOH) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued reports about the company. Zacks Research upgraded Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Stephens reiterated an “overweight” rating on shares of Bank of Hawaii in a research report on Tuesday. Keefe, Bruyette & Woods upgraded Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $75.00 to $91.00 in a research report on Tuesday. DA Davidson lifted their price objective on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Barclays increased their target price on shares of Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Moderate Buy” and an average price target of $81.80.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $74.77 on Friday. The business has a 50 day moving average of $69.81 and a 200-day moving average of $66.89. The company has a market capitalization of $2.97 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.63 and a beta of 0.75. Bank of Hawaii has a 1 year low of $57.44 and a 1 year high of $78.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The firm had revenue of $189.65 million for the quarter, compared to analyst estimates of $184.83 million. During the same period in the previous year, the firm posted $0.85 EPS. On average, equities research analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current year.

Insiders Place Their Bets

In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the transaction, the chief executive officer directly owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.07% of the company’s stock.

Institutional Trading of Bank of Hawaii

Hedge funds have recently modified their holdings of the stock. Balyasny Asset Management L.P. lifted its position in shares of Bank of Hawaii by 122.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after acquiring an additional 557,148 shares during the period. Norges Bank bought a new stake in Bank of Hawaii in the second quarter valued at $30,569,000. Verition Fund Management LLC raised its holdings in shares of Bank of Hawaii by 1,699.7% during the third quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after purchasing an additional 251,063 shares during the period. Two Sigma Investments LP raised its holdings in shares of Bank of Hawaii by 163.9% during the third quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock valued at $22,306,000 after purchasing an additional 211,076 shares during the period. Finally, UBS Group AG boosted its position in shares of Bank of Hawaii by 199.5% during the 3rd quarter. UBS Group AG now owns 195,454 shares of the bank’s stock worth $12,830,000 after purchasing an additional 130,188 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.