Bank of Hawaii Corporation (NYSE:BOH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company’s principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. “

Several other analysts have also issued reports on BOH. Morgan Stanley boosted 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. BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Barclays PLC reiterated an “equal weight” rating and set a $83.00 price objective (up from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price objective on shares of Bank of Hawaii Corporation in a research note on Friday, July 14th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $94.00 price objective on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.80.

Bank of Hawaii Corporation (BOH) opened at 82.96 on Tuesday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 19.39 and a beta of 0.99. Bank of Hawaii Corporation has a one year low of $71.78 and a one year high of $90.80. The firm has a 50-day moving average price of $79.75 and a 200-day moving average price of $80.87.

Bank of Hawaii Corporation (NYSE:BOH) last issued its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The firm had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same period in the previous year, the company posted $1.03 earnings per share. Analysts expect that Bank of Hawaii Corporation will post $4.43 EPS for the current year.

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In related news, insider Donna A. Tanoue sold 4,050 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the transaction, the insider now directly owns 9,969 shares in the company, valued at $759,139.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Donna A. Tanoue sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $76.88, for a total value of $461,280.00. Following the transaction, the insider now owns 9,969 shares of the company’s stock, valued at $766,416.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,235 shares of company stock valued at $860,767. 2.16% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bank of Hawaii Corporation by 30.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock worth $126,000 after purchasing an additional 355 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in shares of Bank of Hawaii Corporation by 0.6% in the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock worth $206,000 after purchasing an additional 14 shares in the last quarter. World Asset Management Inc boosted its holdings in shares of Bank of Hawaii Corporation by 0.7% in the 1st quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock worth $216,000 after purchasing an additional 18 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Bank of Hawaii Corporation in the 1st quarter worth about $234,000. Finally, Shelton Capital Management purchased a new position in shares of Bank of Hawaii Corporation in the 2nd quarter worth about $269,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.

Bank of Hawaii Corporation Company Profile

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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