Bank of Hawaii (NYSE:BOH) Stock Price Down 3.5% – What’s Next?

Bank of Hawaii Corporation (NYSE:BOH) traded down 3.5% during mid-day trading on Monday . The stock traded as low as $80.93 and last traded at $81.00. 42,887 shares changed hands during trading, a decline of 90% from the average daily volume of 415,642 shares. The stock had previously closed at $83.97.

Analyst Upgrades and Downgrades

Several brokerages have commented on BOH. Stephens boosted their price objective on shares of Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, Benchmark assumed coverage on Bank of Hawaii in a report on Wednesday, July 8th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.80.

Bank of Hawaii Trading Down 3.9%

The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 0.89 and a beta of 0.70. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $80.09 and its two-hundred day moving average price is $77.28.

Bank of Hawaii (NYSE:BOH) last released 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. The business had revenue of $196.90 million during the quarter, compared to analysts’ expectations of $199.51 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same period in the prior year, the company earned $1.06 EPS. On average, equities analysts predict that Bank of Hawaii Corporation will post 5.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Bank of Hawaii by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock valued at $312,139,000 after acquiring an additional 26,821 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Bank of Hawaii by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,106,873 shares of the bank’s stock worth $82,182,000 after acquiring an additional 22,356 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Bank of Hawaii by 122.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock worth $66,464,000 after acquiring an additional 557,148 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Bank of Hawaii by 36.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock worth $59,166,000 after purchasing an additional 229,806 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Bank of Hawaii by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,552 shares of the bank’s stock worth $35,043,000 after purchasing an additional 1,592 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Company Profile

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.