News stories about Bank of Hawaii (NYSE:BOH) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of Hawaii earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 44.8713824441651 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
BOH has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Bank of Hawaii from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, October 9th. Piper Jaffray Companies restated a “hold” rating and set a $90.50 target price on shares of Bank of Hawaii in a research note on Tuesday, October 24th. Compass Point upgraded shares of Bank of Hawaii from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Morgan Stanley upped their target price on shares of Bank of Hawaii from $76.00 to $88.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Finally, Jefferies Group restated a “hold” rating and set a $85.00 target price on shares of Bank of Hawaii in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Bank of Hawaii presently has a consensus rating of “Hold” and a consensus price target of $92.25.
Bank of Hawaii (BOH) traded up $0.75 on Friday, reaching $88.62. 204,500 shares of the company’s stock traded hands, compared to its average volume of 200,178. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.22. The company has a market cap of $3,760.00, a PE ratio of 20.42, a P/E/G ratio of 2.15 and a beta of 0.97. Bank of Hawaii has a 1-year low of $74.72 and a 1-year high of $90.20.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. Bank of Hawaii had a net margin of 27.27% and a return on equity of 15.45%. The firm had revenue of $158.73 million for the quarter, compared to analysts’ expectations of $163.29 million. During the same quarter in the prior year, the business earned $1.02 EPS. research analysts forecast that Bank of Hawaii will post 4.42 earnings per share for the current fiscal year.
Bank of Hawaii declared that its Board of Directors has authorized a stock buyback program on Monday, October 23rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Wednesday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 47.93%.
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About Bank of Hawaii
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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