Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Bank of Hawaii (BOH) Stock Price
Press coverage about Bank of Hawaii (NYSE:BOH) has been trending somewhat positive on Saturday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of Hawaii earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.9491490177108 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Bank of Hawaii from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Morgan Stanley lifted their target price on shares of Bank of Hawaii from $76.00 to $88.00 and gave the stock an “underweight” rating in a research report on Wednesday. Jefferies Group reaffirmed a “hold” rating and issued a $92.00 target price on shares of Bank of Hawaii in a research report on Wednesday, October 11th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $90.50 target price on shares of Bank of Hawaii in a research report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 target price on shares of Bank of Hawaii in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $89.75.
Bank of Hawaii (NYSE BOH) traded up $1.78 during trading hours on Friday, reaching $85.82. 481,807 shares of the company’s stock were exchanged, compared to its average volume of 168,489. Bank of Hawaii has a fifty-two week low of $74.72 and a fifty-two week high of $90.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $3,720.00, a P/E ratio of 19.32, a PEG ratio of 2.24 and a beta of 0.97.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. Bank of Hawaii had a net margin of 27.27% and a return on equity of 15.45%. The firm had revenue of $158.73 million during the quarter, compared to the consensus estimate of $163.29 million. During the same quarter in the previous year, the firm posted $1.02 EPS. equities analysts predict that Bank of Hawaii will post 4.42 earnings per share for the current year.
Bank of Hawaii announced that its Board of Directors has initiated a share repurchase plan on Monday, October 23rd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, November 29th. Bank of Hawaii’s payout ratio is 47.93%.
Bank of Hawaii 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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