Bank of Hawaii (NYSE:BOH) Rating Increased to Sell at StockNews.com

Bank of Hawaii (NYSE:BOH) was upgraded by analysts at StockNews.com to a “sell” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also issued reports on BOH. Keefe, Bruyette & Woods lowered shares of Bank of Hawaii from a “market perform” rating to an “underperform” rating and set a $47.00 price objective for the company. in a research report on Tuesday, July 25th. Jefferies Financial Group increased their price objective on shares of Bank of Hawaii from $49.00 to $52.00 in a research report on Tuesday, October 10th. Finally, Piper Sandler increased their price objective on shares of Bank of Hawaii from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $52.67.

Bank of Hawaii Stock Up 1.2 %

Shares of NYSE BOH opened at $56.83 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $2.26 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.06. The firm’s 50-day moving average is $50.23 and its two-hundred day moving average is $48.25. Bank of Hawaii has a 12-month low of $30.83 and a 12-month high of $82.87.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.20. Bank of Hawaii had a net margin of 21.32% and a return on equity of 17.30%. The business had revenue of $262.28 million for the quarter, compared to the consensus estimate of $159.75 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Equities analysts anticipate that Bank of Hawaii will post 4.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank of Hawaii

Large investors have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Bank of Hawaii by 101.2% in the 2nd quarter. State Street Corp now owns 3,094,213 shares of the bank’s stock worth $127,574,000 after purchasing an additional 1,556,146 shares during the last quarter. BlackRock Inc. increased its position in shares of Bank of Hawaii by 38.3% in the second quarter. BlackRock Inc. now owns 5,222,846 shares of the bank’s stock worth $215,338,000 after acquiring an additional 1,445,598 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Bank of Hawaii by 28.6% in the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock worth $131,789,000 after acquiring an additional 590,492 shares in the last quarter. Newport Trust Company LLC purchased a new position in shares of Bank of Hawaii in the third quarter worth approximately $20,170,000. Finally, Norges Bank purchased a new position in shares of Bank of Hawaii in the fourth quarter worth approximately $27,912,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

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, personal 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, and 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.