Bank of Hawaii Co. (NYSE:BOH) Receives Consensus Rating of “Reduce” from Analysts

Bank of Hawaii Co. (NYSE:BOH) has been given a consensus rating of “Reduce” by the six research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $73.17.

A number of brokerages recently commented on BOH. Barclays boosted their target price on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 22nd. DA Davidson increased their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Piper Sandler boosted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the transaction, the insider now directly owns 6,442 shares in the company, valued at approximately $426,138.30. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently made changes to their positions in BOH. Versant Capital Management Inc grew its stake in shares of Bank of Hawaii by 80.2% in the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank’s stock valued at $27,000 after purchasing an additional 174 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Bank of Hawaii by 18,333.3% during the first quarter. Private Trust Co. NA now owns 553 shares of the bank’s stock worth $38,000 after purchasing an additional 550 shares during the period. Golden State Wealth Management LLC grew its position in Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank’s stock valued at $40,000 after buying an additional 305 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Bank of Hawaii in the 4th quarter valued at $49,000. Finally, SBI Securities Co. Ltd. purchased a new position in Bank of Hawaii during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

Shares of BOH opened at $67.83 on Wednesday. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The stock has a market capitalization of $2.70 billion, a PE ratio of 19.60 and a beta of 0.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a 50-day simple moving average of $66.64 and a 200-day simple moving average of $71.00.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The company had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, May 30th. Bank of Hawaii’s payout ratio is currently 78.65%.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.