Bank of Hawaii (NYSE:BOH) was downgraded by equities research analysts at Compass Point from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a $82.00 price target on the bank’s stock, down from their prior price target of $83.00. Compass Point’s target price suggests a potential upside of 0.77% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Bank of Hawaii from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Tuesday, March 12th. ValuEngine raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Barclays reaffirmed a “hold” rating and set a $85.00 price target on shares of Bank of Hawaii in a research note on Friday, January 11th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.60.

BOH stock opened at $81.37 on Monday. The firm has a market cap of $3.34 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.93 and a beta of 0.87. Bank of Hawaii has a 52-week low of $63.64 and a 52-week high of $88.92. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.11.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 22nd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.07. The firm had revenue of $168.52 million during the quarter, compared to the consensus estimate of $166.51 million. Bank of Hawaii had a net margin of 30.54% and a return on equity of 17.53%. During the same quarter last year, the firm earned $1.28 earnings per share. On average, research analysts predict that Bank of Hawaii will post 5.59 EPS for the current year.

Bank of Hawaii declared that its board has initiated a stock buyback plan on Monday, January 28th that allows the company to buyback $130.00 million in shares. This buyback authorization allows the bank to reacquire up to 4.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

In other news, Vice Chairman Sharon M. Crofts sold 5,833 shares of the stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $79.62, for a total transaction of $464,423.46. Following the completion of the sale, the insider now directly owns 48,778 shares in the company, valued at $3,883,704.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.13% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BOH. Norges Bank acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth $27,958,000. FMR LLC increased its position in shares of Bank of Hawaii by 52,179.8% during the fourth quarter. FMR LLC now owns 337,205 shares of the bank’s stock worth $22,700,000 after buying an additional 336,560 shares during the period. BlackRock Inc. increased its position in shares of Bank of Hawaii by 2.9% during the fourth quarter. BlackRock Inc. now owns 4,930,583 shares of the bank’s stock worth $331,928,000 after buying an additional 138,109 shares during the period. Vanguard Group Inc increased its position in shares of Bank of Hawaii by 3.3% during the third quarter. Vanguard Group Inc now owns 3,977,421 shares of the bank’s stock worth $313,859,000 after buying an additional 127,262 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Bank of Hawaii by 3.3% during the third quarter. Vanguard Group Inc. now owns 3,977,421 shares of the bank’s stock worth $313,859,000 after buying an additional 127,262 shares during the period. Institutional investors own 75.81% of the company’s stock.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

Featured Story: Technical Analysis

Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.