Bank of Hawaii (NYSE:BOH) Upgraded at Zacks Research

Zacks Research upgraded shares of Bank of Hawaii (NYSE:BOH) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

BOH has been the subject of a number of other research reports. Barclays boosted their target price on shares of Bank of Hawaii from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday. DA Davidson upped their price objective on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Sunday, January 4th. Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a research report on Tuesday. Finally, Keefe, Bruyette & Woods raised Bank of Hawaii from a “market perform” rating to an “outperform” rating and upped their price target for the company from $75.00 to $91.00 in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.80.

Bank of Hawaii Stock Down 0.7%

BOH stock opened at $74.77 on Wednesday. The company’s 50 day moving average price is $69.81 and its 200 day moving average price is $66.89. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.63 and a beta of 0.75. Bank of Hawaii has a fifty-two week low of $57.44 and a fifty-two week high of $78.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, January 26th. The bank reported $1.39 EPS for the quarter, topping the consensus estimate of $1.25 by $0.14. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The company had revenue of $189.65 million during the quarter, compared to analysts’ expectations of $184.83 million. During the same quarter in the previous year, the business posted $0.85 EPS. On average, equities research analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 60.61%.

Insider Buying and Selling

In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the sale, the chief executive officer owned 156,774 shares in the company, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in Bank of Hawaii by 150.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after acquiring an additional 270 shares during the period. Quarry LP raised its stake in shares of Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after purchasing an additional 539 shares during the last quarter. Strs Ohio acquired a new stake in shares of Bank of Hawaii during the first quarter worth $41,000. EverSource Wealth Advisors LLC grew its position in Bank of Hawaii by 461.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after buying an additional 512 shares during the last quarter. Finally, State of Wyoming increased its stake in Bank of Hawaii by 8,220.0% in the 2nd quarter. State of Wyoming now owns 832 shares of the bank’s stock valued at $56,000 after buying an additional 822 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

About Bank of Hawaii

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.