Bank of Hawaii Co. (NYSE:BOH) Given Consensus Recommendation of “Reduce” by Brokerages

Bank of Hawaii Co. (NYSE:BOH) has earned an average recommendation of “Reduce” from the six research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $71.83.

Several research firms have weighed in on BOH. DA Davidson increased their target price on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Barclays lifted their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Piper Sandler upped their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Stephens initiated coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In other news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the sale, the insider now owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.11% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Bank of Hawaii by 5.0% in the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after acquiring an additional 106,717 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Bank of Hawaii by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock worth $93,533,000 after purchasing an additional 189,878 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Hawaii by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock worth $94,872,000 after purchasing an additional 35,187 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bank of Hawaii by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after buying an additional 10,357 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Bank of Hawaii by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock valued at $45,167,000 after buying an additional 98,465 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $71.24 on Thursday. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The company’s 50-day moving average is $74.79 and its two-hundred day moving average is $67.49. 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 company has a market cap of $2.83 billion, a PE ratio of 21.39, a PEG ratio of 4.86 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $265.76 million during the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same quarter in the previous year, the business earned $1.17 EPS. Equities analysts anticipate that Bank of Hawaii will post 3.52 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Friday, November 29th. Bank of Hawaii’s payout ratio is presently 84.08%.

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.