Bank of Hawaii Co. (NYSE:BOH) Receives Average Rating of "Reduce" from Brokerages

Shares of Bank of Hawaii Co. (NYSE:BOH - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $73.17.

Separately, Barclays raised their target price on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a report on Tuesday, April 22nd.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total transaction of $109,279.80. Following the transaction, the insider now directly owns 6,442 shares of the company's stock, valued at approximately $426,138.30. The trade was a 20.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.07% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BOH. Vanguard Group Inc. boosted its holdings in Bank of Hawaii by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock worth $329,001,000 after acquiring an additional 31,918 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Bank of Hawaii by 23.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,180,744 shares of the bank's stock valued at $150,406,000 after acquiring an additional 418,055 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Bank of Hawaii by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock valued at $111,955,000 after buying an additional 60,092 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bank of Hawaii by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank's stock valued at $59,884,000 after buying an additional 42,719 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Bank of Hawaii during the 4th quarter valued at approximately $54,309,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

NYSE:BOH traded down $0.93 during mid-day trading on Friday, hitting $66.52. The stock had a trading volume of 261,057 shares, compared to its average volume of 381,449. Bank of Hawaii has a twelve month low of $54.98 and a twelve month high of $82.70. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 19.23 and a beta of 0.76. The company's 50 day simple moving average is $66.44 and its 200 day simple moving average is $70.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The firm had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. During the same period last year, the business posted $0.87 earnings per share. On average, equities research analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.21%. Bank of Hawaii's payout ratio is presently 78.65%.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.