Bank of Hawaii Co. (NYSE:BOH) Receives Average Recommendation of "Strong Sell" from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH - Get Free Report) have earned an average rating of "Strong Sell" from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $52.20.

BOH has been the topic of several research analyst reports. Barclays decreased their price target on shares of Bank of Hawaii from $51.00 to $50.00 and set an "underweight" rating on the stock in a research note on Tuesday. Piper Sandler reduced their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday. Jefferies Financial Group reduced their price objective on shares of Bank of Hawaii from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Monday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an "underperform" rating in a research note on Tuesday. Finally, StockNews.com raised shares of Bank of Hawaii to a "sell" rating in a research note on Thursday, January 25th.

Bank of Hawaii Price Performance

Shares of NYSE BOH traded down $0.48 during mid-day trading on Friday, hitting $58.63. 201,933 shares of the stock were exchanged, compared to its average volume of 292,849. Bank of Hawaii has a twelve month low of $30.83 and a twelve month high of $75.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The stock's fifty day simple moving average is $60.22 and its two-hundred day simple moving average is $60.93. The company has a market cap of $2.33 billion, a P/E ratio of 15.11, a PEG ratio of 2.05 and a beta of 1.06.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The company had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. During the same period last year, the company earned $1.14 earnings per share. As a group, analysts forecast that Bank of Hawaii will post 3.6 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.78%. Bank of Hawaii's dividend payout ratio is 72.16%.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently made changes to their positions in the company. TFO Wealth Partners LLC grew its holdings in shares of Bank of Hawaii by 9,660.0% in the 4th quarter. TFO Wealth Partners LLC now owns 488 shares of the bank's stock valued at $362,000 after buying an additional 483 shares during the period. GAMMA Investing LLC acquired a new position in shares of Bank of Hawaii in the 4th quarter valued at $41,000. Quest Partners LLC bought a new stake in Bank of Hawaii in the 4th quarter valued at $41,000. Strs Ohio bought a new stake in Bank of Hawaii in the 4th quarter valued at $50,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Bank of Hawaii in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 82.18% of the company's stock.

About Bank of Hawaii

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.