Bank of Hawaii Corporation (NYSE:BOH) Receives $81.80 Consensus PT from Analysts

Bank of Hawaii Corporation (NYSE:BOH) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price 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 the company. 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. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Zacks Research upgraded Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Barclays lifted their target price on Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 27th. Finally, Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th.

Bank of Hawaii Stock Performance

BOH opened at $74.33 on Friday. The company has a 50 day simple moving average of $75.49 and a two-hundred day simple moving average of $69.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $2.95 billion, a P/E ratio of 16.09, a PEG ratio of 0.74 and a beta of 0.73. Bank of Hawaii has a 1-year low of $57.44 and a 1-year high of $80.61.

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. The firm had revenue of $189.65 million for the quarter, compared to the consensus estimate of $184.83 million. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. During the same period last year, the firm earned $0.85 EPS. Equities analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 60.61%.

Insider Activity at Bank of Hawaii

In other news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.97% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of institutional investors and hedge funds have recently bought and sold shares of BOH. Royal Bank of Canada increased its position in Bank of Hawaii by 16.4% in the first quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock worth $1,808,000 after purchasing an additional 3,689 shares during the last quarter. AQR Capital Management LLC lifted its position in Bank of Hawaii by 177.5% during the first quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock valued at $1,617,000 after purchasing an additional 15,234 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bank of Hawaii by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock worth $1,605,000 after buying an additional 1,027 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Bank of Hawaii by 35.8% in the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock worth $1,366,000 after buying an additional 5,227 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Bank of Hawaii in the 1st quarter worth about $41,000. 82.18% of the stock is currently owned by 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.