Bank of Hawaii Corporation (NYSE:BOH) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Bank of Hawaii, with six holds and two buys among eight firms. The average 12-month price target is $85, above the reported share price of $74.29.
• Bank of Hawaii’s latest quarterly results slightly exceeded expectations, with EPS of $1.47 versus the $1.46 consensus, though revenue of $196.9 million fell short of the $199.5 million estimate.
• The company paid a quarterly dividend of $0.70, equivalent to $2.80 annually and a 3.8% yield. Institutional investors own 82.18% of the stock, while an insider recently sold shares worth about $199,000.

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

Several equities research analysts recently weighed in on BOH shares. Stephens downgraded shares of Bank of Hawaii from an "overweight" rating to an "equal weight" rating and set a $85.00 target price on the stock. in a research note on Thursday, August 6th. Keefe, Bruyette & Woods decreased 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 research report on Monday, August 3rd. Barclays dropped their price target on shares of Bank of Hawaii from $88.00 to $85.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bank of Hawaii in a research report on Friday, July 24th. Finally, DA Davidson increased their price objective on Bank of Hawaii from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th.

Insider Buying and Selling

In other Bank of Hawaii news, insider Marco Abbruzzese sold 2,441 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total value of $199,161.19. The sale was disclosed in a filing with the SEC, which is available through this link. 1.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently modified their holdings of the company. Freestone Grove Partners LP purchased a new stake in shares of Bank of Hawaii during the 2nd quarter worth approximately $32,000. Global Retirement Partners LLC purchased a new position in shares of Bank of Hawaii in the 2nd quarter valued at $34,000. Western Wealth Management LLC purchased a new position in shares of Bank of Hawaii in the 1st quarter valued at $33,000. SHP Wealth Management acquired a new stake in Bank of Hawaii during the 4th quarter worth $34,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Bank of Hawaii in the second quarter valued at $51,000. Institutional investors and hedge funds own 82.18% of the company's stock.

Bank of Hawaii Trading Down 0.4%

Bank of Hawaii stock traded down $0.29 during trading on Friday, hitting $74.29. The company had a trading volume of 88,851 shares, compared to its average volume of 395,294. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. Bank of Hawaii has a 1-year low of $59.36 and a 1-year high of $86.31. The company's 50 day simple moving average is $79.16 and its 200-day simple moving average is $78.07.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01. The firm had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.During the same quarter in the previous year, the business earned $1.06 EPS. As a group, analysts expect that Bank of Hawaii will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $0.70 dividend. The ex-dividend date was Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.8%. Bank of Hawaii's payout ratio is currently 52.24%.

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 individuals, businesses, government entities and institutional customers.

The bank offers deposit accounts, consumer and commercial loans, residential and commercial mortgages, credit cards and treasury management services. It also provides wealth management, trust, investment management and brokerage services, along with other financial products designed for personal and business customers.

Founded in 1897, Bank of Hawaii has a long history of serving the Pacific region.

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