Bank of Hawaii Corporation (NYSE:BOH) Receives $81.80 Consensus PT from Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $81.80.

A number of research analysts have recently issued reports on BOH shares. Keefe, Bruyette & Woods raised Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $75.00 to $91.00 in a research note on Tuesday, January 27th. Barclays boosted their target price on Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 27th. DA Davidson raised their price target on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 27th. Zacks Research raised Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a research report on Monday, December 29th.

Insider Buying and Selling

In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the completion of the sale, the chief executive officer owned 156,774 shares of the company’s stock, valued at $10,640,251.38. This represents a 8.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds have recently modified their holdings of the company. Danske Bank A S purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth about $27,000. Farther Finance Advisors LLC grew its stake in shares of Bank of Hawaii by 150.0% in the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after purchasing an additional 270 shares during the last quarter. SHP Wealth Management purchased a new position in Bank of Hawaii during the 4th quarter valued at about $34,000. Quarry LP increased its holdings in Bank of Hawaii by 1,497.2% during the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after purchasing an additional 539 shares during the period. Finally, Strs Ohio bought a new position in Bank of Hawaii during the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock opened at $72.73 on Friday. Bank of Hawaii has a 52-week low of $57.44 and a 52-week high of $80.61. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 0.74 and a beta of 0.73. The company has a fifty day moving average of $75.37 and a 200-day moving average of $69.69. 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 earnings results on Monday, January 26th. The bank reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. The company had revenue of $189.65 million for the quarter, compared to analysts’ expectations of $184.83 million. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. During the same quarter last year, the company earned $0.85 EPS. Equities research analysts expect that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th. Bank of Hawaii’s payout ratio is presently 60.61%.

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.