Bank of Hawaii Corporation (NYSE:BOH) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts rate Bank of Hawaii “Hold” overall: Six of eight analysts recommend holding the stock, while two recommend buying it. The average 12-month price target is $85, compared with the reported trading price of $77.48.
• Quarterly earnings slightly exceeded expectations: Bank of Hawaii reported EPS of $1.47 versus the $1.46 consensus estimate, while revenue of $196.9 million fell short of the $199.51 million forecast.
• The bank declared a quarterly dividend of $0.70 per share, equivalent to $2.80 annually and a 3.6% yield. Institutional investors own 82.18% of the company, while an insider recently sold shares worth about $199,000.

Bank of Hawaii Corporation (NYSE:BOH - Get Free Report) has been assigned a consensus rating of "Hold" from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $85.00.

A number of equities research analysts recently commented on BOH shares. DA Davidson raised their price objective on shares of Bank of Hawaii from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods reduced their target price on shares of Bank of Hawaii from $95.00 to $92.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. Stephens cut Bank of Hawaii from an "overweight" rating to an "equal weight" rating and set a $85.00 target price for the company. in a report on Thursday, August 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Bank of Hawaii in a research note on Friday, July 24th. Finally, Benchmark reissued a "hold" rating on shares of Bank of Hawaii in a research note on Tuesday, July 28th.

Bank of Hawaii Stock Down 0.0%

NYSE BOH traded down $0.02 during trading hours on Monday, reaching $77.48. 30,990 shares of the company's stock were exchanged, compared to its average volume of 408,698. The company's 50-day moving average is $80.93 and its two-hundred day moving average is $78.29. Bank of Hawaii has a one year low of $59.36 and a one year high of $86.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.88 and a beta of 0.71.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its earnings results on Monday, July 27th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The firm had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. During the same period last year, the company posted $1.06 EPS. On average, analysts forecast that Bank of Hawaii will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Hawaii's dividend payout ratio (DPR) is presently 52.24%.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total value of $199,161.19. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.97% of the company's stock.

Hedge Funds Weigh In On Bank of Hawaii

Several hedge funds have recently made changes to their positions in BOH. BlackRock Inc. bought a new position in Bank of Hawaii in the second quarter valued at $470,538,000. California State Teachers Retirement System lifted its position in Bank of Hawaii by 7,835.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,051,764 shares of the bank's stock worth $330,178,000 after buying an additional 4,000,705 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Bank of Hawaii by 122.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank's stock worth $66,464,000 after buying an additional 557,148 shares in the last quarter. NFJ Investment Group LLC acquired a new position in shares of Bank of Hawaii during the 2nd quarter worth about $39,758,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Bank of Hawaii during the 2nd quarter worth about $37,864,000. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Company Profile

Bank of Hawaii NYSE: BOH is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.

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