Bank of Hawaii Co. (NYSE:BOH) Receives Average Recommendation of “Strong Sell” from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have received a consensus rating of “Strong Sell” from the five ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $59.00.

BOH has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $58.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, July 23rd. DA Davidson boosted their price objective on Bank of Hawaii from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group raised their target price on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Piper Sandler lowered shares of Bank of Hawaii from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $70.00 to $61.00 in a research report on Monday, August 12th. Finally, StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, May 30th.

Bank of Hawaii Stock Performance

BOH opened at $67.08 on Friday. The company’s 50 day moving average is $63.38 and its 200 day moving average is $60.69. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 17.29 and a beta of 1.06. Bank of Hawaii has a 12-month low of $45.56 and a 12-month high of $75.19.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $255.62 million for the quarter, compared to analysts’ expectations of $157.12 million. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. During the same quarter in the prior year, the business earned $1.12 EPS. On average, equities research analysts predict that Bank of Hawaii will post 3.42 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Friday, August 30th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 72.16%.

Insider Activity

In other Bank of Hawaii news, insider Taryn L. Salmon sold 2,364 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $67.80, for a total value of $160,279.20. Following the sale, the insider now owns 10,785 shares in the company, valued at approximately $731,223. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.11% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of large investors have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its holdings in shares of Bank of Hawaii by 9,660.0% in the 4th quarter. TFO Wealth Partners LLC now owns 488 shares of the bank’s stock worth $362,000 after buying an additional 483 shares during the last quarter. GAMMA Investing LLC bought a new stake in Bank of Hawaii during the fourth quarter worth approximately $41,000. Quest Partners LLC purchased a new stake in Bank of Hawaii during the fourth quarter valued at approximately $41,000. Strs Ohio bought a new stake in shares of Bank of Hawaii in the 4th quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bank of Hawaii in the 2nd quarter worth approximately $106,000. Institutional investors own 82.18% of the company’s stock.

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.