Bank of Hawaii Co. (NYSE:BOH) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $90.90.
Several equities research analysts have recently commented on BOH shares. Compass Point raised Bank of Hawaii from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Zacks Investment Research raised Bank of Hawaii from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Wednesday, January 10th. Barclays upped their price target on Bank of Hawaii from $85.00 to $92.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $92.00 price target on shares of Bank of Hawaii in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $90.50 price target on shares of Bank of Hawaii in a research report on Tuesday, October 24th.
Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Bank of Hawaii during the third quarter valued at $117,000. Tower Research Capital LLC TRC acquired a new position in Bank of Hawaii during the fourth quarter valued at $144,000. Rocky Mountain Advisers LLC raised its position in Bank of Hawaii by 13,300.0% during the third quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock valued at $168,000 after buying an additional 1,995 shares during the period. Weil Company Inc. acquired a new position in Bank of Hawaii during the fourth quarter valued at $202,000. Finally, Magnetar Financial LLC acquired a new position in Bank of Hawaii in the 3rd quarter worth about $203,000. 76.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bank of Hawaii (BOH) traded down $1.30 during midday trading on Tuesday, hitting $83.83. The stock had a trading volume of 209,676 shares, compared to its average volume of 251,335. Bank of Hawaii has a twelve month low of $74.72 and a twelve month high of $89.09. The stock has a market capitalization of $3,609.64, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66.
Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.08). Bank of Hawaii had a net margin of 26.80% and a return on equity of 15.48%. The company had revenue of $160.63 million for the quarter, compared to analysts’ expectations of $162.90 million. During the same period in the prior year, the company earned $1.02 earnings per share. research analysts anticipate that Bank of Hawaii will post 5.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, February 27th. Bank of Hawaii’s payout ratio is 47.93%.
Bank of Hawaii declared that its board has authorized a stock repurchase plan on Monday, October 23rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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About Bank of Hawaii
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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