Bank of Hawaii Co. (NYSE:BOH) Given Average Rating of "Reduce" by Brokerages

Shares of Bank of Hawaii Co. (NYSE:BOH - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the five brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $64.80.

Several equities analysts recently weighed in on the company. DA Davidson increased their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Barclays upped their price target on Bank of Hawaii from $50.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Piper Sandler upped their price target on Bank of Hawaii from $61.00 to $66.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their price target on Bank of Hawaii from $67.00 to $74.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th.

Bank of Hawaii Price Performance

Shares of NYSE:BOH traded down $1.08 on Wednesday, hitting $77.77. The company had a trading volume of 233,654 shares, compared to its average volume of 324,240. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii has a 52-week low of $54.50 and a 52-week high of $81.45. The business has a 50 day moving average of $67.23 and a 200 day moving average of $63.26. The company has a market cap of $3.09 billion, a PE ratio of 23.35, a PEG ratio of 5.18 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The firm had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, equities analysts anticipate that Bank of Hawaii will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.60%. Bank of Hawaii's dividend payout ratio (DPR) is currently 84.08%.

Insider Activity

In related news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares of the company's stock, valued at approximately $991,327.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.11% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Bank of Hawaii during the 2nd quarter worth approximately $106,000. Point72 DIFC Ltd bought a new stake in Bank of Hawaii in the second quarter valued at $119,000. UMB Bank n.a. boosted its holdings in shares of Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank's stock valued at $169,000 after acquiring an additional 2,644 shares during the period. Rothschild Investment LLC bought a new position in shares of Bank of Hawaii during the second quarter worth about $172,000. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Bank of Hawaii in the 2nd quarter worth about $205,000. Hedge funds and other 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.