Bank of Hawaii Co. (NYSE:BOH) Receives Consensus Recommendation of “Strong Sell” from Brokerages

Bank of Hawaii Co. (NYSE:BOH) has been given an average recommendation of “Strong Sell” by the five analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $52.20.

A number of equities research analysts have commented on the stock. Barclays reduced their price target on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods raised their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday. StockNews.com raised Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Piper Sandler reduced their price target on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group lowered their target price on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, April 8th.

Institutional Trading of Bank of Hawaii

Institutional investors and hedge funds have recently modified their holdings of the business. AE Wealth Management LLC purchased a new stake in shares of Bank of Hawaii during the 3rd quarter valued at $225,000. IFP Advisors Inc bought a new stake in Bank of Hawaii in the third quarter worth about $39,000. SG Americas Securities LLC boosted its stake in Bank of Hawaii by 26.0% in the third quarter. SG Americas Securities LLC now owns 39,616 shares of the bank’s stock valued at $1,969,000 after acquiring an additional 8,166 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in Bank of Hawaii by 2.2% in the third quarter. DAVENPORT & Co LLC now owns 19,933 shares of the bank’s stock valued at $990,000 after acquiring an additional 422 shares during the last quarter. Finally, Simplicity Solutions LLC grew its position in shares of Bank of Hawaii by 8.5% during the 3rd quarter. Simplicity Solutions LLC now owns 8,218 shares of the bank’s stock valued at $408,000 after acquiring an additional 642 shares during the period. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Performance

Shares of BOH opened at $58.60 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The firm’s fifty day simple moving average is $60.22 and its two-hundred day simple moving average is $60.85. Bank of Hawaii has a 12 month low of $30.83 and a 12 month high of $75.19. The stock has a market capitalization of $2.33 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Friday, April 26th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). The business had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. During the same quarter in the previous year, the company earned $1.14 EPS. As a group, analysts predict that Bank of Hawaii will post 3.6 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.78%. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

About Bank of Hawaii

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.