Shares of Bank of Hawaii Corporation (NYSE:BOH) have received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $73.50.

Several brokerages recently weighed in on BOH. Zacks Investment Research downgraded Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Finally, Morgan Stanley increased their target price on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the company an “underweight” rating in a research note on Tuesday, June 6th.

Bank of Hawaii Corporation (NYSE:BOH) traded down 0.17% during trading on Tuesday, reaching $82.09. The company had a trading volume of 837,841 shares. The company has a market capitalization of $3.51 billion, a P/E ratio of 19.23 and a beta of 0.92. The stock has a 50 day moving average of $80.37 and a 200-day moving average of $83.69. Bank of Hawaii Corporation has a 12 month low of $64.96 and a 12 month high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings results on Monday, April 24th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $165.79 million during the quarter, compared to the consensus estimate of $159.45 million. Bank of Hawaii Corporation had a return on equity of 15.61% and a net margin of 27.57%. During the same quarter in the prior year, the company posted $1.16 EPS. Equities research analysts expect that Bank of Hawaii Corporation will post $4.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 31st were given a $0.50 dividend. The ex-dividend date was Friday, May 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.44%. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.48. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is currently 46.84%.

In other Bank of Hawaii Corporation news, CEO Peter S. Ho sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $83.28, for a total value of $249,840.00. Following the completion of the sale, the chief executive officer now owns 160,386 shares in the company, valued at approximately $13,356,946.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter S. Ho sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $82.17, for a total value of $1,232,550.00. Following the completion of the sale, the chief executive officer now owns 173,386 shares of the company’s stock, valued at approximately $14,247,127.62. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock valued at $2,306,590 in the last quarter. Corporate insiders own 2.16% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Bank of Hawaii Corporation during the fourth quarter worth approximately $4,736,000. State Board of Administration of Florida Retirement System increased its stake in shares of Bank of Hawaii Corporation by 0.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 58,146 shares of the bank’s stock worth $5,157,000 after buying an additional 473 shares in the last quarter. Comerica Bank increased its stake in shares of Bank of Hawaii Corporation by 3.6% in the fourth quarter. Comerica Bank now owns 31,917 shares of the bank’s stock worth $2,855,000 after buying an additional 1,112 shares in the last quarter. State Street Corp increased its stake in shares of Bank of Hawaii Corporation by 5.2% in the fourth quarter. State Street Corp now owns 1,700,306 shares of the bank’s stock worth $150,800,000 after buying an additional 83,967 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Bank of Hawaii Corporation by 3.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,259 shares of the bank’s stock worth $555,000 after buying an additional 211 shares in the last quarter. Institutional investors own 77.83% of the company’s stock.

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About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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