Bank of Hawaii (NYSE:BOH – Get Rating) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Sunday.
Separately, Jefferies Financial Group decreased their target price on shares of Bank of Hawaii from $87.00 to $79.00 in a research note on Monday, July 11th.
Bank of Hawaii Trading Down 0.7 %
Shares of BOH stock opened at $77.33 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.64 and a current ratio of 0.64. Bank of Hawaii has a fifty-two week low of $70.89 and a fifty-two week high of $92.38. The company has a market cap of $3.11 billion, a PE ratio of 13.40, a P/E/G ratio of 1.74 and a beta of 1.12. The stock’s fifty day moving average price is $78.50 and its two-hundred day moving average price is $79.41.
Bank of Hawaii (NYSE:BOH – Get Rating) last released its quarterly earnings data on Monday, July 25th. The bank reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. Bank of Hawaii had a return on equity of 17.98% and a net margin of 33.63%. During the same period last year, the firm earned $1.68 EPS. Equities analysts predict that Bank of Hawaii will post 5.64 EPS for the current fiscal year.
Insider Activity at Bank of Hawaii
In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $81.67, for a total transaction of $449,185.00. Following the sale, the chief executive officer now directly owns 239,181 shares of the company’s stock, valued at approximately $19,533,912.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.06% of the stock is owned by company insiders.
Institutional Trading of Bank of Hawaii
Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in Bank of Hawaii by 1.9% during the first quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock valued at $724,000 after acquiring an additional 151 shares during the last quarter. Point72 Hong Kong Ltd grew its stake in Bank of Hawaii by 27.9% during the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock worth $60,000 after purchasing an additional 155 shares during the period. Private Advisor Group LLC increased its holdings in Bank of Hawaii by 1.9% in the second quarter. Private Advisor Group LLC now owns 8,921 shares of the bank’s stock worth $664,000 after purchasing an additional 164 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Bank of Hawaii by 5.9% in the first quarter. Crossmark Global Holdings Inc. now owns 3,405 shares of the bank’s stock worth $286,000 after purchasing an additional 190 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its stake in Bank of Hawaii by 2.9% in the first quarter. NorthCrest Asset Manangement LLC now owns 7,175 shares of the bank’s stock valued at $602,000 after buying an additional 200 shares during the period. 74.84% of the stock is currently owned by institutional investors.
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.