Bank of Hawaii Co. (NYSE:BOH) has been given an average rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $84.00.
A number of equities analysts recently weighed in on BOH shares. Zacks Investment Research raised Bank of Hawaii from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, March 12th. Compass Point cut Bank of Hawaii from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $83.00 to $82.00 in a report on Monday, April 22nd.
In other Bank of Hawaii news, Vice Chairman James C. Polk sold 6,176 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $80.82, for a total transaction of $499,144.32. Following the completion of the sale, the insider now directly owns 31,291 shares in the company, valued at approximately $2,528,938.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.13% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bank of Hawaii by 12.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,034 shares of the bank’s stock valued at $204,000 after purchasing an additional 325 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Bank of Hawaii in the fourth quarter valued at approximately $338,000. Rhumbline Advisers grew its position in shares of Bank of Hawaii by 44.4% in the fourth quarter. Rhumbline Advisers now owns 116,648 shares of the bank’s stock valued at $7,853,000 after purchasing an additional 35,843 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Bank of Hawaii by 2.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 47,300 shares of the bank’s stock valued at $3,184,000 after purchasing an additional 1,100 shares in the last quarter. Finally, ETF Managers Group LLC grew its position in shares of Bank of Hawaii by 18.2% in the fourth quarter. ETF Managers Group LLC now owns 1,602 shares of the bank’s stock valued at $108,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.
NYSE BOH opened at $80.42 on Tuesday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.91 and a beta of 0.89. Bank of Hawaii has a twelve month low of $63.64 and a twelve month high of $86.61. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09.
Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 22nd. The bank reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $168.52 million during the quarter, compared to analysts’ expectations of $166.51 million. Bank of Hawaii had a return on equity of 17.81% and a net margin of 30.64%. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, equities research analysts expect that Bank of Hawaii will post 5.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This is a positive change from Bank of Hawaii’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, May 30th. Bank of Hawaii’s payout ratio is 49.71%.
Bank of Hawaii Company Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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