Bank of Hawaii (NYSE:BOH) Upgraded to “Hold” at Wall Street Zen

Bank of Hawaii (NYSE:BOH) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other analysts have also recently weighed in on BOH. DA Davidson lifted their price target on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays lifted their target price on Bank of Hawaii from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday. Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods upgraded shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $75.00 to $91.00 in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.80.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $74.77 on Friday. Bank of Hawaii has a 52 week low of $57.44 and a 52 week high of $78.25. The company 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. The company has a 50-day simple moving average of $69.81 and a 200 day simple moving average of $66.89. 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 issued its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share (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 firm had revenue of $189.65 million during the quarter, compared to the consensus estimate of $184.83 million. During the same period last year, the business posted $0.85 earnings per share. On average, sell-side analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the transaction, the chief executive officer directly owned 156,774 shares in the company, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their position. 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 corporate insiders.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds have recently made changes to their positions in BOH. Farther Finance Advisors LLC increased 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 purchasing an additional 270 shares in the last quarter. Quarry LP boosted its position in Bank of Hawaii by 1,497.2% in the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares in the last quarter. Strs Ohio bought a new stake in shares of Bank of Hawaii during the first quarter worth $41,000. EverSource Wealth Advisors LLC increased its holdings in shares of Bank of Hawaii by 461.3% during the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after buying an additional 512 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of 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 acquiring an additional 822 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.