Bank of Hawaii Corporation (BOH) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst consensus is “Hold”: Six of eight analysts rate Bank of Hawaii neutral, while two recommend buying. The average 12-month price target is $85, above the reported share price of $66.50.
• The stock recently traded down 0.8% and remains below its 50-day and 200-day moving averages. In its latest quarter, the bank slightly exceeded EPS expectations at $1.47 but reported revenue below forecasts.
• Bank of Hawaii pays a quarterly dividend of $0.70 per share, equivalent to a 4.2% yield and a 52.24% payout ratio. Institutional investors own approximately 82.18% of the company.

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

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Bank of Hawaii from $95.00 to $92.00 and set an "outperform" rating for the company in a report on Monday, August 3rd. Barclays dropped their price objective on shares of Bank of Hawaii from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 28th. Piper Sandler cut their price objective on shares of Bank of Hawaii from $85.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, October 1st. DA Davidson raised their target price on Bank of Hawaii from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. Finally, Benchmark reissued a "hold" rating on shares of Bank of Hawaii in a research report on Tuesday, July 28th.

Bank of Hawaii Stock Down 0.8%

Shares of NYSE BOH traded down $0.55 during trading hours on Tuesday, hitting $66.50. The stock had a trading volume of 27,017 shares, compared to its average volume of 409,203. The firm's 50-day moving average price is $74.75 and its two-hundred day moving average price is $77.52. Bank of Hawaii has a 52 week low of $59.36 and a 52 week high of $86.31. The company has a market capitalization of $2.62 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.81 and a beta of 0.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $199.51 million. During the same period in the prior year, the company posted $1.06 earnings per share. Analysts anticipate that Bank of Hawaii will post 5.88 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, August 31st. Bank of Hawaii's dividend payout ratio is presently 52.24%.

Insider Buying and Selling

In other news, insider Marco Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in Bank of Hawaii by 100.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,363 shares of the bank's stock worth $507,000 after buying an additional 3,696 shares during the period. Congress Asset Management Co. grew its stake in Bank of Hawaii by 22.1% in the third quarter. Congress Asset Management Co. now owns 194,081 shares of the bank's stock valued at $13,376,000 after acquiring an additional 35,106 shares during the period. Engineers Gate Manager LP acquired a new position in Bank of Hawaii in the second quarter valued at about $278,000. Integrated Wealth Concepts LLC bought a new stake in shares of Bank of Hawaii in the second quarter worth about $175,000. Finally, Nykredit A S bought a new stake in shares of Bank of Hawaii in the second quarter worth about $224,000. Institutional investors and hedge funds own 82.18% of the company's stock.

About Bank of Hawaii

Bank of Hawaii Corporation is a regional financial services company headquartered in Honolulu, Hawaii. Through its principal subsidiary, Bank of Hawaii, the company provides banking and financial services to consumers, businesses, government entities and institutional clients.

The bank offers consumer deposit accounts, residential and consumer lending, credit cards and online and mobile banking. Its business banking services include commercial lending, cash management, treasury services, commercial deposits and international banking.

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.