Bank of Hawaii Co. (NYSE:BOH) Receives Average Recommendation of “Strong Sell” from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have earned an average rating of “Strong Sell” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $52.20.

BOH has been the topic of several recent analyst reports. Barclays reduced their target price on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, April 23rd. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. Jefferies Financial Group cut their price target on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Finally, Piper Sandler cut their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd.

Bank of Hawaii Stock Performance

BOH stock opened at $57.99 on Friday. The business’s 50-day moving average price is $60.02 and its two-hundred day moving average price is $61.12. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.30 billion, a PE ratio of 14.88, a P/E/G ratio of 2.01 and a beta of 1.06. Bank of Hawaii has a 1-year low of $30.83 and a 1-year high of $75.19.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Friday, April 26th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). The business had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. During the same quarter in the prior year, the firm posted $1.14 earnings per share. As a group, research analysts forecast that Bank of Hawaii will post 3.59 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

Institutional Trading of Bank of Hawaii

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Congress Asset Management Co. MA increased its position in shares of Bank of Hawaii by 0.4% in the fourth quarter. Congress Asset Management Co. MA now owns 48,987 shares of the bank’s stock valued at $3,550,000 after acquiring an additional 185 shares during the last quarter. Harrington Investments INC increased its position in shares of Bank of Hawaii by 1.1% in the fourth quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock valued at $1,355,000 after acquiring an additional 200 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Bank of Hawaii by 2.5% in the fourth quarter. Bleakley Financial Group LLC now owns 8,424 shares of the bank’s stock valued at $610,000 after acquiring an additional 206 shares during the last quarter. Covestor Ltd increased its position in shares of Bank of Hawaii by 17.1% in the third quarter. Covestor Ltd now owns 1,429 shares of the bank’s stock valued at $71,000 after acquiring an additional 209 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. increased its position in Bank of Hawaii by 6.1% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,773 shares of the bank’s stock worth $346,000 after buying an additional 273 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Company Profile

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.