Bank of Hawaii (NYSE:BOH) Lowered to “Neutral” at Compass Point

Compass Point downgraded shares of Bank of Hawaii (NYSE:BOHGet Rating) from a buy rating to a neutral rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $71.00 target price on the bank’s stock.

A number of other brokerages have also commented on BOH. StockNews.com lowered Bank of Hawaii from a hold rating to a sell rating in a report on Tuesday, December 6th. DA Davidson cut their target price on Bank of Hawaii from $80.00 to $76.00 and set a neutral rating for the company in a research note on Tuesday, October 25th.

Bank of Hawaii Stock Down 0.5 %

Shares of BOH stock opened at $74.68 on Tuesday. Bank of Hawaii has a 12 month low of $70.15 and a 12 month high of $89.30. The firm has a market cap of $2.99 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. The stock has a 50 day moving average of $78.37 and a 200-day moving average of $78.24. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.01.

Bank of Hawaii (NYSE:BOHGet Rating) last issued its quarterly earnings results on Monday, January 23rd. The bank reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. Bank of Hawaii had a return on equity of 18.37% and a net margin of 31.88%. The company had revenue of $213.49 million during the quarter, compared to analyst estimates of $181.09 million. During the same period in the previous year, the company earned $1.55 earnings per share. On average, equities analysts predict that Bank of Hawaii will post 5.62 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Tuesday, February 28th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.75%. Bank of Hawaii’s payout ratio is 50.63%.

Insider Activity at Bank of Hawaii

In related news, CEO Peter S. Ho sold 5,500 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $79.30, for a total value of $436,150.00. Following the completion of the transaction, the chief executive officer now directly owns 233,681 shares in the company, valued at $18,530,903.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Sei Investments Co. raised its stake in Bank of Hawaii by 1.9% during the first quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock worth $724,000 after acquiring an additional 151 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in Bank of Hawaii by 27.9% during the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock worth $60,000 after acquiring an additional 155 shares in the last quarter. Private Advisor Group LLC raised its stake in Bank of Hawaii by 1.9% during the second quarter. Private Advisor Group LLC now owns 8,921 shares of the bank’s stock worth $664,000 after acquiring an additional 164 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Bank of Hawaii by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 21,833 shares of the bank’s stock worth $1,662,000 after acquiring an additional 169 shares in the last quarter. Finally, Harrington Investments INC grew its holdings in shares of Bank of Hawaii by 1.2% during the second quarter. Harrington Investments INC now owns 17,104 shares of the bank’s stock worth $1,273,000 after purchasing an additional 203 shares during the last quarter. 74.29% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Company Profile

(Get Rating)

Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.

Further Reading

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