Shares of Bank of Hawaii Co. (NYSE:BOH – Get Free Report) have been assigned an average recommendation of “Reduce” from the four analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $52.67.
Several equities analysts have recently commented on BOH shares. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a research note on Monday, December 18th. TheStreet upgraded Bank of Hawaii from a “c+” rating to a “b-” rating in a research note on Friday, December 8th. Finally, Jefferies Financial Group raised their price objective on Bank of Hawaii from $49.00 to $52.00 in a research note on Tuesday, October 10th.
Hedge Funds Weigh In On Bank of Hawaii
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Bank of Hawaii by 38.3% during the second quarter. BlackRock Inc. now owns 5,222,846 shares of the bank’s stock valued at $215,338,000 after acquiring an additional 1,445,598 shares during the period. Vanguard Group Inc. raised its stake in shares of Bank of Hawaii by 1.3% during the third quarter. Vanguard Group Inc. now owns 3,977,581 shares of the bank’s stock valued at $302,774,000 after purchasing an additional 49,163 shares in the last quarter. State Street Corp raised its stake in shares of Bank of Hawaii by 101.2% during the second quarter. State Street Corp now owns 3,094,213 shares of the bank’s stock valued at $127,574,000 after purchasing an additional 1,556,146 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Bank of Hawaii by 28.6% during the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock valued at $131,789,000 after purchasing an additional 590,492 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Hawaii by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,092 shares of the bank’s stock valued at $55,558,000 after purchasing an additional 39,512 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.
Bank of Hawaii Stock Performance
Bank of Hawaii stock opened at $72.67 on Friday. The stock has a market cap of $2.89 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $57.78 and a 200-day moving average of $52.53. Bank of Hawaii has a 52 week low of $30.83 and a 52 week high of $81.73.
Bank of Hawaii (NYSE:BOH – Get Free Report) last released its earnings results on Monday, October 23rd. The bank reported $1.17 EPS for the quarter, beating the consensus estimate of $0.97 by $0.20. The company had revenue of $262.28 million during the quarter, compared to analysts’ expectations of $159.75 million. Bank of Hawaii had a return on equity of 17.30% and a net margin of 21.32%. During the same period in the prior year, the business posted $1.28 EPS. On average, analysts expect that Bank of Hawaii will post 4.26 EPS for the current fiscal year.
Bank of Hawaii Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Wednesday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 56.80%.
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, personal 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, and 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.