Bank of Hawaii Co. (NYSE:BOH) Given Average Rating of “Reduce” by Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have received a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $73.00.

BOH has been the topic of a number of research analyst reports. Stephens initiated coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Barclays increased their target price on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Finally, DA Davidson raised their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th.

Insider Transactions at Bank of Hawaii

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the sale, the chief accounting officer now directly owns 9,173 shares in the company, valued at approximately $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.47% of the stock is currently owned by company insiders.

Institutional Trading of Bank of Hawaii

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in Bank of Hawaii in the fourth quarter worth about $49,000. SBI Securities Co. Ltd. purchased a new stake in Bank of Hawaii in the fourth quarter worth about $50,000. Headlands Technologies LLC lifted its holdings in Bank of Hawaii by 285.8% in the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after buying an additional 703 shares during the period. CoreFirst Bank & Trust purchased a new stake in Bank of Hawaii in the fourth quarter worth about $70,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Bank of Hawaii by 204.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock worth $110,000 after buying an additional 1,037 shares during the period. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Trading Up 1.0 %

Bank of Hawaii stock opened at $70.93 on Friday. The stock has a market cap of $2.82 billion, a P/E ratio of 20.50 and a beta of 1.04. Bank of Hawaii has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The firm’s fifty day moving average price is $71.78 and its 200-day moving average price is $70.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Equities research analysts forecast 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, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.95%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

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.