Bank of Hawaii Co. (NYSE:BOH - Get Free Report)'s stock price was up 6.7% during trading on Monday following a dividend announcement from the company. The stock traded as high as $70.58 and last traded at $70.48. Approximately 45,385 shares traded hands during trading, a decline of 86% from the average daily volume of 316,249 shares. The stock had previously closed at $66.03.
The newly announced dividend which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.87%. Bank of Hawaii's dividend payout ratio is currently 78.43%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on BOH shares. Piper Sandler cut Bank of Hawaii from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $70.00 to $61.00 in a research report on Monday, August 12th. Keefe, Bruyette & Woods upgraded Bank of Hawaii from an "underperform" rating to a "market perform" rating and lifted their price target for the company from $60.00 to $67.00 in a research report on Wednesday, October 2nd. DA Davidson lifted their price target on Bank of Hawaii from $63.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Finally, Jefferies Financial Group lifted their price target on Bank of Hawaii from $53.00 to $54.00 and gave the company a "hold" rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Bank of Hawaii currently has an average rating of "Hold" and a consensus price target of $60.40.
Get Our Latest Report on Bank of Hawaii
Bank of Hawaii Stock Up 9.6 %
The business has a 50 day simple moving average of $64.98 and a 200 day simple moving average of $61.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $2.88 billion, a PE ratio of 20.28, a P/E/G ratio of 7.30 and a beta of 1.05.
Institutional Trading of Bank of Hawaii
Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake 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 acquiring an additional 189,878 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bank of Hawaii by 14.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock worth $45,167,000 after acquiring an additional 98,465 shares in the last quarter. Swedbank AB boosted its stake in shares of Bank of Hawaii by 3.6% during the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank's stock worth $41,477,000 after acquiring an additional 25,000 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Bank of Hawaii by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank's stock worth $38,652,000 after purchasing an additional 54,078 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Bank of Hawaii by 0.5% during the 2nd quarter. Natixis Advisors LLC now owns 295,878 shares of the bank's stock worth $16,927,000 after purchasing an additional 1,522 shares during the last quarter. Institutional investors own 82.18% of the company's stock.
Bank of Hawaii Company Profile
(
Get Free Report)
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.
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