Shares of Bank of Hawaii Co. (NYSE:BOH) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $90.63.
Separately, Zacks Investment Research cut Bank of Hawaii from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th.
Several large investors have recently made changes to their positions in BOH. Tower Research Capital LLC TRC bought a new position in shares of Bank of Hawaii during the fourth quarter valued at about $144,000. OppenheimerFunds Inc. bought a new position in shares of Bank of Hawaii during the first quarter valued at about $200,000. Weil Company Inc. bought a new position in shares of Bank of Hawaii during the fourth quarter valued at about $202,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Bank of Hawaii by 44.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,258 shares of the bank’s stock valued at $271,000 after buying an additional 1,002 shares during the last quarter. Finally, Violich Capital Management Inc. bought a new position in shares of Bank of Hawaii during the first quarter valued at about $298,000. 74.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BOH stock opened at $83.48 on Monday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.89 and a beta of 0.80. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. Bank of Hawaii has a 52-week low of $74.72 and a 52-week high of $89.09.
Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, April 23rd. The bank reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.05. The business had revenue of $162.99 million for the quarter, compared to analysts’ expectations of $160.91 million. Bank of Hawaii had a return on equity of 15.56% and a net margin of 27.19%. During the same quarter in the prior year, the firm earned $1.20 earnings per share. analysts predict that Bank of Hawaii will post 5.26 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Wednesday, May 30th. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.52. Bank of Hawaii’s dividend payout ratio is currently 54.42%.
Bank of Hawaii Company Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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