Bank of Hawaii Co. (NYSE:BOH) Receives Average Rating of "Reduce" from Brokerages

Shares of Bank of Hawaii Co. (NYSE:BOH - Get Free Report) have received a consensus rating of "Reduce" from the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $73.00.

Several research analysts recently commented on BOH shares. Stephens initiated coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price objective for the company. DA Davidson raised their price target on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Barclays lifted their price target 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. 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 report on Wednesday, December 4th. Finally, Piper Sandler lifted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th.

Bank of Hawaii Stock Performance

Shares of BOH traded down $0.02 during mid-day trading on Tuesday, hitting $68.25. The stock had a trading volume of 2,841,539 shares, compared to its average volume of 330,259. Bank of Hawaii has a 52 week low of $54.50 and a 52 week high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The business has a fifty day moving average price of $71.37 and a 200-day moving average price of $70.67. The firm has a market cap of $2.72 billion, a P/E ratio of 19.72 and a beta of 1.01.

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Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data 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, equities research analysts expect that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.70 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 4.10%. Bank of Hawaii's dividend payout ratio is currently 80.92%.

Insider Activity

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the completion of the transaction, the insider now directly owns 9,880 shares of the company's stock, valued at approximately $740,703.60. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.11% of the company's stock.

Institutional Investors Weigh In On Bank of Hawaii

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Bank of Hawaii by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock valued at $329,001,000 after purchasing an additional 31,918 shares during the last quarter. State Street Corp grew its holdings in shares of Bank of Hawaii by 5.0% during the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank's stock valued at $140,897,000 after purchasing an additional 106,717 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Bank of Hawaii by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock valued at $111,955,000 after buying an additional 60,092 shares during the period. Geode Capital Management LLC grew its stake in shares of Bank of Hawaii by 1.2% during the third 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 increased its holdings in shares of Bank of Hawaii by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank's stock worth $59,884,000 after buying an additional 42,719 shares during the period. Hedge funds and other institutional investors own 82.18% of the company's stock.

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, 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.