Bank of Hawaii Corporation (NYSE:BOH) Receives $73.17 Consensus PT from Analysts

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

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

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the transaction, the insider now directly owns 6,442 shares in the company, valued at $426,138.30. This trade represents a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.07% of the company's stock.

Hedge Funds Weigh In On Bank of Hawaii

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Bank of Hawaii by 80.2% in the first 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. Private Trust Co. NA raised its holdings in shares of Bank of Hawaii by 18,333.3% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock valued at $38,000 after purchasing an additional 550 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock valued at $40,000 after purchasing an additional 305 shares during the period. Strs Ohio acquired a new stake in Bank of Hawaii in the 1st quarter valued at about $41,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Bank of Hawaii in the 4th quarter valued at about $49,000. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Down 0.9%

NYSE BOH traded down $0.59 during trading hours on Thursday, reaching $67.82. 1,158,669 shares of the company's stock were exchanged, compared to its average volume of 379,929. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 0.71. The company 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 0.77. The company's 50-day moving average is $67.13 and its two-hundred day moving average is $68.97. Bank of Hawaii has a one year low of $55.75 and a one year high of $82.70.

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

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.13%. Bank of Hawaii's payout ratio is currently 78.65%.

About Bank of Hawaii

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.