Bank of Hawaii Co. (NYSE:BOH) Given Consensus Recommendation of "Reduce" by Analysts

Bank of Hawaii Co. (NYSE:BOH - Get Free Report) has been given a consensus rating of "Reduce" by the six research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $72.67.

Several analysts have commented on the stock. DA Davidson boosted their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Barclays dropped their price target on Bank of Hawaii from $66.00 to $64.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler lifted their price objective 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.

Insider Buying and Selling

In other news, insider Taryn L. Salmon sold 449 shares of the company'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 transaction, the insider now owns 9,880 shares of the company's stock, valued at approximately $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction that occurred 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 approximately $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.

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Institutional Trading of Bank of Hawaii

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. purchased a new position in Bank of Hawaii in the 4th quarter worth about $54,309,000. Ameriprise Financial Inc. boosted its holdings in shares of Bank of Hawaii by 558.1% in the fourth quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank's stock valued at $46,084,000 after purchasing an additional 548,599 shares during the period. Norges Bank purchased a new position in Bank of Hawaii during the 4th quarter worth $27,495,000. Freestone Grove Partners LP bought a new stake in Bank of Hawaii during the 4th quarter valued at $13,678,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Bank of Hawaii by 188.8% in the 4th quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock worth $17,817,000 after buying an additional 163,503 shares during the period. Hedge funds and other institutional investors own 82.18% of the company's stock.

Bank of Hawaii Price Performance

Shares of NYSE BOH traded up $1.26 during mid-day trading on Friday, reaching $63.36. The company's stock had a trading volume of 353,836 shares, compared to its average volume of 363,911. The stock has a fifty day moving average of $68.75 and a two-hundred day moving average of $70.87. The firm has a market capitalization of $2.52 billion, a PE ratio of 18.31 and a beta of 0.87. 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.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. As a group, sell-side analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Friday, February 28th. Bank of Hawaii's dividend payout ratio (DPR) is 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.