Bank of Hawaii Co. (NYSE:BOH) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Bank of Hawaii Co. (NYSE:BOH) have received an average rating of “Reduce” from the six research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $73.00.

Several equities research analysts recently commented on BOH shares. Barclays upped their target price on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler upped their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. DA Davidson upped their price target on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Stephens assumed coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Transactions at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 449 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the sale, the insider now owns 9,880 shares in the company, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the completion of the sale, the chief accounting officer now owns 9,173 shares in the company, valued at $688,708.84. This trade represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.47% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently made changes to their positions in the business. Perigon Wealth Management LLC raised its position in Bank of Hawaii by 0.9% during the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after purchasing an additional 154 shares in the last quarter. Mariner LLC raised its position in Bank of Hawaii by 1.7% during the fourth quarter. Mariner LLC now owns 9,076 shares of the bank’s stock valued at $647,000 after purchasing an additional 154 shares in the last quarter. Cetera Investment Advisers raised its position in Bank of Hawaii by 3.7% during the fourth quarter. Cetera Investment Advisers now owns 4,457 shares of the bank’s stock valued at $318,000 after purchasing an additional 158 shares in the last quarter. Glenmede Trust Co. NA raised its position in Bank of Hawaii by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock valued at $396,000 after purchasing an additional 182 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Bank of Hawaii by 5.9% during the fourth quarter. Bank of Montreal Can now owns 4,592 shares of the bank’s stock valued at $327,000 after purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Up 0.7 %

NYSE BOH opened at $71.46 on Friday. Bank of Hawaii has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $71.87 and its two-hundred day moving average price is $70.33. The firm has a market capitalization of $2.84 billion, a PE ratio of 20.65 and a beta of 1.04.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. On average, analysts expect that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s payout ratio is currently 80.92%.

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.