Bank of Hawaii Corporation (NYSE:BOH) Receives $71.25 Consensus Target Price from Analysts

Shares of Bank of Hawaii Corporation (NYSE:BOH) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $71.25.

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. DA Davidson restated a “neutral” rating and issued a $70.00 price objective on shares of Bank of Hawaii in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research report on Monday. Finally, Barclays boosted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th.

Institutional Trading of Bank of Hawaii

Several hedge funds have recently made changes to their positions in the business. DAVENPORT & Co LLC increased its holdings in Bank of Hawaii by 11.6% during the 2nd quarter. DAVENPORT & Co LLC now owns 23,832 shares of the bank’s stock worth $1,609,000 after purchasing an additional 2,477 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Bank of Hawaii during the second quarter worth about $3,222,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bank of Hawaii by 847.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,880 shares of the bank’s stock worth $337,000 after buying an additional 4,365 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Bank of Hawaii during the second quarter worth approximately $2,238,000. Finally, Graham Capital Management L.P. raised its holdings in Bank of Hawaii by 142.1% in the first quarter. Graham Capital Management L.P. now owns 23,685 shares of the bank’s stock valued at $1,634,000 after acquiring an additional 13,902 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Trading Down 1.0%

Shares of BOH stock opened at $70.18 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.39. Bank of Hawaii has a twelve month low of $57.44 and a twelve month high of $76.00. The company’s 50-day moving average price is $65.84 and its 200-day moving average price is $66.24. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.75 and a beta of 0.75.

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

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.80 annualized dividend and a yield of 4.0%. Bank of Hawaii’s dividend payout ratio is presently 68.63%.

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.