Bank of Hawaii Corporation (NYSE:BOH) Given Average Recommendation of “Hold” by Brokerages

by · The Cerbat Gem

Shares of Bank of Hawaii Corporation (NYSE:BOH – Get Free Report) have earned an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $71.25.

Several equities analysts recently commented on BOH shares. Piper Sandler started coverage on shares of Bank of Hawaii in a research note on Thursday, August 21st. They issued a “neutral” rating and a $71.00 price objective for the company. Barclays increased their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Bank of Hawaii in a research report on Monday, December 8th. DA Davidson reiterated a “neutral” rating and issued a $70.00 target price on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Finally, Wall Street Zen lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th.

Get Our Latest Analysis on Bank of Hawaii

Hedge Funds Weigh In On Bank of Hawaii

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in Bank of Hawaii by 150.0% in the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock valued at $30,000 after purchasing an additional 270 shares during the period. Quarry LP grew its position in shares of Bank of Hawaii by 1,497.2% in the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares during the last quarter. Strs Ohio acquired a new stake in shares of Bank of Hawaii in the first quarter valued at about $41,000. EverSource Wealth Advisors LLC raised its position in shares of Bank of Hawaii by 461.3% during the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after acquiring an additional 512 shares during the last quarter. Finally, State of Wyoming lifted its stake in shares of Bank of Hawaii by 8,220.0% in the second quarter. State of Wyoming now owns 832 shares of the bank’s stock worth $56,000 after acquiring an additional 822 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $69.35 on Wednesday. Bank of Hawaii has a twelve month low of $57.44 and a twelve month high of $76.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.39. The stock’s 50-day simple moving average is $65.15 and its 200 day simple moving average is $66.08. The firm has a market capitalization of $2.76 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.74 and a beta of 0.75.

Bank of Hawaii (NYSE:BOH – Get Free Report) last posted its earnings results on Tuesday, October 28th. The bank reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The firm had revenue of $182.64 million during the quarter, compared to analysts’ expectations of $180.95 million. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, November 28th. Bank of Hawaii’s payout ratio is presently 68.63%.

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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