Bank of Hawaii Corporation (NYSE:BOH) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Bank of Hawaii Corporation (NYSE:BOH) has received an average recommendation of "Hold" from six analysts, with one sell rating, four hold ratings, and one buy rating.
• The company's recent earnings report showed an EPS of $1.06, beating estimates by $0.02, but with revenue falling short at $174.48 million compared to projections of $177.82 million.
• Bank of Hawaii declared a quarterly dividend of $0.70 per share, representing a 4.3% yield and suggesting a stable income stream for shareholders.

Shares of Bank of Hawaii Corporation (NYSE:BOH - Get Free Report) have earned an average recommendation of "Hold" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $75.00.

Several research firms have weighed in on BOH. Stephens lowered their target price on shares of Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Bank of Hawaii in a report on Saturday, September 27th. Barclays upped their target price on Bank of Hawaii from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Finally, Piper Sandler initiated coverage on Bank of Hawaii in a report on Thursday, August 21st. They issued a "neutral" rating and a $71.00 price target on the stock.

Bank of Hawaii Stock Up 0.6%

NYSE BOH traded up $0.36 during trading hours on Friday, reaching $64.97. 268,560 shares of the company traded hands, compared to its average volume of 381,753. The stock has a market capitalization of $2.58 billion, a PE ratio of 17.05, a PEG ratio of 0.83 and a beta of 0.81. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.40. Bank of Hawaii has a 12 month low of $57.44 and a 12 month high of $82.70. The company has a 50 day moving average of $65.88 and a two-hundred day moving average of $66.63.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its earnings results on Monday, July 28th. The bank reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. The business had revenue of $174.48 million for the quarter, compared to analyst estimates of $177.82 million. During the same quarter in the prior year, the business posted $0.81 EPS. As a group, equities analysts expect that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.80 annualized dividend and a dividend yield of 4.3%. Bank of Hawaii's payout ratio is 73.49%.

Institutional Trading of Bank of Hawaii

Several hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc grew its position in Bank of Hawaii by 80.2% in the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock worth $27,000 after purchasing an additional 174 shares during the last quarter. Private Trust Co. NA boosted its position in Bank of Hawaii by 18,333.3% during the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after acquiring an additional 550 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Bank of Hawaii by 110.5% during the first 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 in the last quarter. Strs Ohio acquired a new stake in Bank of Hawaii in the first quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Bank of Hawaii by 461.3% in the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank's stock worth $42,000 after purchasing an additional 512 shares during the period. 82.18% of the stock is currently owned by institutional investors.

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.

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