Bank of Hawaii Corporation (NYSE:BOH) Receives $71.25 Consensus PT from Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $71.25.

Several brokerages have commented on BOH. Wall Street Zen downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. DA Davidson restated a “neutral” rating and set a $70.00 price target on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Bank of Hawaii in a report on Monday, December 8th. Finally, Barclays lifted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th.

Bank of Hawaii Price Performance

NYSE BOH opened at $70.90 on Wednesday. The company has a market cap of $2.82 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.76 and a beta of 0.75. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $65.57 and its two-hundred day simple moving average is $66.18. Bank of Hawaii has a 52 week low of $57.44 and a 52 week high of $76.00.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Tuesday, October 28th. The bank reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. The business had revenue of $182.64 million during the quarter, compared to analyst estimates of $180.95 million. During the same period in the previous year, the business earned $0.93 EPS. Research analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, November 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. Bank of Hawaii’s dividend payout ratio is 68.63%.

Institutional Trading of Bank of Hawaii

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in shares of Bank of Hawaii by 8.7% in the 1st quarter. Cetera Investment Advisers now owns 4,843 shares of the bank’s stock worth $334,000 after buying an additional 386 shares during the last quarter. Nuveen LLC bought a new stake in shares of Bank of Hawaii in the first quarter worth $7,066,000. HighTower Advisors LLC increased its position in shares of Bank of Hawaii by 10.7% during the 1st quarter. HighTower Advisors LLC now owns 27,695 shares of the bank’s stock valued at $1,910,000 after purchasing an additional 2,671 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Bank of Hawaii by 9.2% during the first quarter. Ameriprise Financial Inc. now owns 706,105 shares of the bank’s stock valued at $48,700,000 after buying an additional 59,215 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Bank of Hawaii by 847.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,880 shares of the bank’s stock worth $337,000 after purchasing an additional 4,365 shares in the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.