Piper Jaffray Companies reissued their hold rating on shares of Bank of Hawaii Corporation (NYSE:BOH) in a report released on Wednesday morning. Piper Jaffray Companies currently has a $94.00 target price on the bank’s stock.

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Bank of Hawaii Corporation from a hold rating to a sell rating in a research report on Thursday, July 13th. Morgan Stanley increased their price objective on shares of Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an underweight rating in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Bank of Hawaii Corporation from a hold rating to a buy rating and set a $89.00 price objective for the company in a research report on Wednesday, May 24th. Jefferies Group LLC reiterated a hold rating and set a $85.00 price objective on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Finally, 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 report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $83.50.

Bank of Hawaii Corporation (NYSE BOH) opened at 83.00 on Wednesday. The firm has a 50-day moving average of $82.43 and a 200-day moving average of $82.60. The company has a market capitalization of $3.54 billion, a PE ratio of 19.40 and a beta of 0.95. Bank of Hawaii Corporation has a 52 week low of $66.38 and a 52 week high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The company had revenue of $157.52 million during the quarter, compared to analysts’ expectations of $157.76 million. During the same period in the prior year, the company posted $1.03 earnings per share. Equities analysts expect that Bank of Hawaii Corporation will post $4.41 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.51%. Bank of Hawaii Corporation’s dividend payout ratio is 46.62%.

In related news, CEO Peter S. Ho sold 10,000 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $82.42, for a total transaction of $824,200.00. Following the transaction, the chief executive officer now directly owns 183,386 shares of the company’s stock, valued at $15,114,674.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $82.17, for a total transaction of $1,232,550.00. Following the transaction, the chief executive officer now directly owns 173,386 shares in the company, valued at $14,247,127.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,000 shares of company stock worth $2,306,590. 2.16% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BOH. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bank of Hawaii Corporation by 30.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock valued at $126,000 after buying an additional 355 shares in the last quarter. Creative Planning raised its position in shares of Bank of Hawaii Corporation by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock valued at $134,000 after buying an additional 65 shares in the last quarter. Crestwood Advisors Group LLC raised its position in shares of Bank of Hawaii Corporation by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 2,469 shares of the bank’s stock valued at $203,000 after buying an additional 15 shares in the last quarter. World Asset Management Inc raised its position in shares of Bank of Hawaii Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock valued at $216,000 after buying an additional 18 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Bank of Hawaii Corporation during the first quarter valued at about $234,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Bank of Hawaii Corporation (NYSE:BOH)

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