Bank of Hawaii Corporation (BOH) Receives Consensus Rating of “Hold” from Analysts

Shares of Bank of Hawaii Corporation (NYSE:BOH) have received an average rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $73.50.

Several research analysts have recently commented on BOH shares. Zacks Investment Research upgraded Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Tuesday, March 28th. Morgan Stanley raised their price target on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 6th. Finally, BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday.

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Shares of Bank of Hawaii Corporation (NYSE:BOH) traded down 0.17% during midday trading on Tuesday, hitting $82.09. The company’s stock had a trading volume of 837,841 shares. Bank of Hawaii Corporation has a 12-month low of $64.96 and a 12-month high of $90.80. The firm has a 50-day moving average of $80.40 and a 200 day moving average of $83.69. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 19.23 and a beta of 0.92.

Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings results on Monday, April 24th. The bank reported $1.20 EPS for the quarter, topping the consensus estimate of $1.08 by $0.12. Bank of Hawaii Corporation had a return on equity of 15.61% and a net margin of 27.57%. The business had revenue of $165.79 million during the quarter, compared to analyst estimates of $159.45 million. During the same period last year, the business posted $1.16 earnings per share. On average, equities research analysts predict that Bank of Hawaii Corporation will post $4.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Wednesday, May 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.44%. The ex-dividend date was Friday, May 26th. This is a boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.48. Bank of Hawaii Corporation’s payout ratio is 46.84%.

In related news, CEO Peter S. Ho sold 10,000 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $82.42, for a total value of $824,200.00. Following the transaction, the chief executive officer now owns 183,386 shares in the company, valued at approximately $15,114,674.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $82.17, for a total value of $1,232,550.00. Following the completion of the transaction, the chief executive officer now owns 173,386 shares in the company, valued at approximately $14,247,127.62. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock worth $2,306,590 in the last 90 days. 2.16% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of BOH. BlackRock Inc. boosted its position in shares of Bank of Hawaii Corporation by 11,412.9% in the first quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock valued at $479,514,000 after buying an additional 5,771,608 shares during the period. Vanguard Group Inc. boosted its position in shares of Bank of Hawaii Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,595,900 shares of the bank’s stock valued at $296,158,000 after buying an additional 144,229 shares during the period. State Street Corp boosted its position in shares of Bank of Hawaii Corporation by 17.3% in the first quarter. State Street Corp now owns 1,994,913 shares of the bank’s stock valued at $164,305,000 after buying an additional 294,607 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Bank of Hawaii Corporation by 1.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,106,917 shares of the bank’s stock valued at $91,165,000 after buying an additional 16,182 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Bank of Hawaii Corporation by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 588,965 shares of the bank’s stock valued at $48,507,000 after buying an additional 42,751 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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