Bank of Hawaii Co. (NYSE:BOH) Receives Consensus Rating of “Reduce” from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $73.17.

Several equities research analysts have recently issued reports on BOH shares. Barclays raised their target price on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a report on Tuesday, April 22nd. DA Davidson raised their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Piper Sandler boosted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th.

Bank of Hawaii Stock Performance

Shares of NYSE BOH opened at $68.09 on Wednesday. The company has a market cap of $2.71 billion, a P/E ratio of 19.68 and a beta of 0.76. Bank of Hawaii has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s fifty day moving average is $66.43 and its two-hundred day moving average is $71.09.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The company had revenue of $169.87 million for the quarter, compared to analysts’ expectations of $168.65 million. During the same quarter in the previous year, the business posted $0.87 earnings per share. As a group, analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.11%. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of the company’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the sale, the insider now owns 6,442 shares in the company, valued at $426,138.30. This represents a 20.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.07% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc raised its stake in shares of Bank of Hawaii by 80.2% during the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank’s stock worth $27,000 after buying an additional 174 shares during the period. Private Trust Co. NA grew its stake in Bank of Hawaii by 18,333.3% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank’s stock valued at $38,000 after acquiring an additional 550 shares during the period. Golden State Wealth Management LLC increased its holdings in Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank’s stock worth $40,000 after acquiring an additional 305 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Bank of Hawaii in the 4th quarter worth $49,000. Finally, SBI Securities Co. Ltd. acquired a new position in Bank of Hawaii during the fourth quarter worth $50,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.