Bank of Hawaii (NYSE:BOH) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Bank of Hawaii (NYSE:BOH) from a hold rating to a sell rating in a research report report published on Sunday morning.

Other research analysts have also issued research reports about the company. DA Davidson reaffirmed a “neutral” rating and set a $70.00 price target on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Barclays raised their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.25.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $68.39 on Friday. Bank of Hawaii has a 12 month low of $57.44 and a 12 month high of $76.00. The firm has a market capitalization of $2.72 billion, a P/E ratio of 16.76, a P/E/G ratio of 0.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.70 and a quick ratio of 0.70. The company’s fifty day moving average price is $67.01 and its 200 day moving average price is $66.41.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.The company had revenue of $182.64 million for the quarter, compared to analyst estimates of $180.95 million. During the same quarter last year, the company posted $0.93 earnings per share. As a group, sell-side analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, November 28th. Bank of Hawaii’s payout ratio is currently 68.63%.

Institutional Trading of Bank of Hawaii

Hedge funds and other institutional investors have recently made changes to their positions in the company. DF Dent & Co. Inc. raised its holdings in Bank of Hawaii by 4.8% during the third quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after purchasing an additional 157 shares in the last quarter. MAI Capital Management increased its position in Bank of Hawaii by 5.7% during the 3rd quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock worth $195,000 after purchasing an additional 160 shares during the period. First Affirmative Financial Network increased its position in Bank of Hawaii by 5.6% during the 3rd quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock worth $220,000 after purchasing an additional 178 shares during the period. Cerity Partners LLC raised its stake in shares of Bank of Hawaii by 1.2% during the 2nd quarter. Cerity Partners LLC now owns 16,391 shares of the bank’s stock worth $1,107,000 after buying an additional 196 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Bank of Hawaii by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 36,698 shares of the bank’s stock valued at $2,478,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors 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.