Bank of Hawaii Corporation (NYSE:BOH) Given Average Rating of “Moderate Buy” by Analysts

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

BOH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $75.00 to $91.00 in a research note on Tuesday, January 27th. Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a research note on Tuesday, January 27th. DA Davidson boosted their price objective on shares of Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, January 31st.

Bank of Hawaii Trading Up 1.5%

Shares of NYSE:BOH opened at $76.27 on Thursday. The business’s 50 day simple moving average is $70.37 and its 200 day simple moving average is $67.06. Bank of Hawaii has a 1 year low of $57.44 and a 1 year high of $78.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $3.03 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.63 and a beta of 0.75.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $189.65 million during the quarter, compared to analysts’ expectations of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same period in the previous year, the firm earned $0.85 EPS. On average, research analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.80 annualized dividend and a yield of 3.7%. Bank of Hawaii’s dividend payout ratio (DPR) is 60.61%.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the completion of the transaction, the chief executive officer owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bank of Hawaii

A number of institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. lifted its stake in Bank of Hawaii by 122.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after purchasing an additional 557,148 shares during the last quarter. Norges Bank acquired a new position in shares of Bank of Hawaii during the second quarter worth $30,569,000. Verition Fund Management LLC lifted its stake in shares of Bank of Hawaii by 1,699.7% in the 3rd quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after acquiring an additional 251,063 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Bank of Hawaii by 163.9% during the 3rd quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock valued at $22,306,000 after acquiring an additional 211,076 shares in the last quarter. Finally, UBS Group AG grew its position in Bank of Hawaii by 199.5% during the 3rd quarter. UBS Group AG now owns 195,454 shares of the bank’s stock worth $12,830,000 after acquiring an additional 130,188 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.