Bank of Hawaii (NYSE:BOH) Lowered to "Hold" Rating by Zacks Research

Key Points

• Zacks Research downgraded Bank of Hawaii (NYSE:BOH) from a "strong-buy" to a "hold" rating in a report issued Monday.
• Analyst sentiment is mixed but the consensus rating is Hold with an average price target of $83.80 (three Buys, four Holds among covering analysts).
• BOH beat quarterly estimates with EPS of $1.39 vs. $1.25 expected and revenue of $189.65M; the stock trades near $76.43, has a market cap of $3.04B and a P/E of about 16.5.

Bank of Hawaii (NYSE:BOH - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on BOH. Weiss Ratings upgraded Bank of Hawaii from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 30th. Wall Street Zen upgraded Bank of Hawaii from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. DA Davidson raised their target price on Bank of Hawaii from $73.00 to $81.00 and gave the company a "neutral" rating in a report on Tuesday, January 27th. Piper Sandler dropped their target price on Bank of Hawaii from $84.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, April 2nd. Finally, Barclays raised their target price on Bank of Hawaii from $83.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $83.80.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $76.43 on Monday. The stock's 50-day moving average is $75.67 and its 200-day moving average is $70.07. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 0.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii has a 12 month low of $57.44 and a 12 month high of $80.61.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, January 26th. The bank reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. The company had revenue of $189.65 million for the quarter, compared to the consensus estimate of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same period last year, the business posted $0.85 EPS. Equities analysts anticipate that Bank of Hawaii will post 3.97 earnings per share for the current year.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds have recently bought and sold shares of the business. DF Dent & Co. Inc. grew its stake in Bank of Hawaii by 4.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank's stock valued at $225,000 after purchasing an additional 157 shares in the last quarter. MAI Capital Management grew its position in shares of Bank of Hawaii by 5.7% in the 3rd quarter. MAI Capital Management now owns 2,972 shares of the bank's stock worth $195,000 after acquiring an additional 160 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Bank of Hawaii by 11.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank's stock worth $104,000 after acquiring an additional 160 shares in the last quarter. First Affirmative Financial Network grew its position in shares of Bank of Hawaii by 5.6% in the 3rd quarter. First Affirmative Financial Network now owns 3,353 shares of the bank's stock worth $220,000 after acquiring an additional 178 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of Bank of Hawaii by 6.2% in the 4th quarter. Rothschild Investment LLC now owns 3,213 shares of the bank's stock worth $220,000 after acquiring an additional 188 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

About Bank of Hawaii

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.