Bank of Hawaii Corporation (NYSE:BOH) Given Consensus Recommendation of "Reduce" by Analysts

Shares of Bank of Hawaii Corporation (NYSE:BOH - Get Free Report) have been given a consensus rating of "Reduce" by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $73.17.

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

Insider Transactions at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the sale, the insider now owns 6,442 shares of the company's stock, valued at $426,138.30. This represents a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.07% of the company's stock.

Institutional Investors Weigh In On Bank of Hawaii

Large investors have recently made changes to their positions in the business. Mariner LLC boosted its stake in shares of Bank of Hawaii by 1.7% in the fourth quarter. Mariner LLC now owns 9,076 shares of the bank's stock valued at $647,000 after purchasing an additional 154 shares during the period. Wealth Alliance LLC boosted its stake in shares of Bank of Hawaii by 5.0% in the first quarter. Wealth Alliance LLC now owns 3,270 shares of the bank's stock valued at $226,000 after purchasing an additional 155 shares during the period. Cetera Investment Advisers boosted its stake in shares of Bank of Hawaii by 3.7% in the fourth quarter. Cetera Investment Advisers now owns 4,457 shares of the bank's stock valued at $318,000 after purchasing an additional 158 shares during the period. Versant Capital Management Inc boosted its stake in Bank of Hawaii by 80.2% during the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock valued at $27,000 after acquiring an additional 174 shares during the last quarter. Finally, Comerica Bank boosted its stake in Bank of Hawaii by 1.0% during the 1st quarter. Comerica Bank now owns 18,581 shares of the bank's stock valued at $1,282,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

Bank of Hawaii Trading Down 0.9%

BOH stock traded down $0.59 on Thursday, hitting $67.82. 1,158,669 shares of the company were exchanged, compared to its average volume of 379,375. Bank of Hawaii has a twelve month low of $55.75 and a twelve month high of $82.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.71 and a quick ratio of 0.71. The business's fifty day moving average is $67.19 and its two-hundred day moving average is $68.83. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.78.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a net margin of 15.12% and a return on equity of 12.16%. The firm had revenue of $169.87 million during the quarter, compared to analyst estimates of $168.65 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. As a group, research analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Friday, May 30th. Bank of Hawaii's payout ratio is currently 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.