Bank of Hawaii Corporation (NYSE:BOH) Receives Average Rating of “Moderate Buy” from Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $81.80.

A number of equities research analysts have commented on BOH shares. DA Davidson raised their price target on Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised Bank of Hawaii from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $75.00 to $91.00 in a report on Tuesday, January 27th. Stephens reaffirmed an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. Finally, Barclays lifted their price objective 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, January 27th.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $79.15 on Thursday. The company has a market capitalization of $3.15 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.82 and a beta of 0.75. Bank of Hawaii has a 1-year low of $57.44 and a 1-year high of $79.41. The firm’s 50 day simple moving average is $71.11 and its two-hundred day simple moving average is $67.30. 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 announced its quarterly earnings data on Monday, January 26th. The bank reported $1.39 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $184.83 million. During the same period last year, the firm earned $0.85 EPS. Research analysts expect that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 60.61%.

Insider Activity at Bank of Hawaii

In related news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 156,774 shares in the company, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BOH. Balyasny Asset Management L.P. lifted its position in Bank of Hawaii by 122.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after purchasing an additional 557,148 shares during the last quarter. Norges Bank purchased a new stake in shares of Bank of Hawaii during the 2nd quarter valued at about $30,569,000. Verition Fund Management LLC lifted its holdings in shares of Bank of Hawaii by 1,699.7% in the 3rd quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after acquiring an additional 251,063 shares during the last quarter. Two Sigma Investments LP grew its position in Bank of Hawaii by 163.9% in the third quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock worth $22,306,000 after acquiring an additional 211,076 shares in the last quarter. Finally, UBS Group AG increased its stake in Bank of Hawaii by 199.5% during the third quarter. UBS Group AG now owns 195,454 shares of the bank’s stock worth $12,830,000 after acquiring an additional 130,188 shares during the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Company Profile

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.