Bank of Hawaii (NYSE:BOH) Stock Price Up 5.8%

Bank of Hawaii Co. (NYSE:BOH)’s stock price rose 5.8% during trading on Thursday . The stock traded as high as $56.07 and last traded at $55.94, approximately 457,622 shares changed hands during trading. An increase of 71% from the average daily volume of 268,116 shares. The stock had previously closed at $52.88.

BOH has been the topic of several recent analyst reports. Bank of America boosted their target price on Bank of Hawaii from $82.00 to $84.00 and gave the stock an “underperform” rating in a report on Tuesday, January 28th. ValuEngine upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. TheStreet cut shares of Bank of Hawaii from a “b” rating to a “c+” rating in a report on Thursday, March 12th. Finally, DA Davidson restated a “neutral” rating on shares of Bank of Hawaii in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Bank of Hawaii presently has a consensus rating of “Hold” and a consensus price target of $86.67.

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $2.21 billion, a P/E ratio of 10.04, a PEG ratio of 1.51 and a beta of 1.22. The company’s 50 day simple moving average is $71.36 and its two-hundred day simple moving average is $85.10.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Bank of Hawaii had a net margin of 29.31% and a return on equity of 17.60%. The business had revenue of $171.59 million for the quarter, compared to analysts’ expectations of $173.00 million. During the same period in the prior year, the firm earned $1.30 earnings per share. On average, research analysts anticipate that Bank of Hawaii Co. will post 4.59 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.67 per share. The ex-dividend date was Thursday, February 27th. Bank of Hawaii’s dividend payout ratio is 48.20%.

In other news, Vice Chairman Sharon M. Crofts sold 11,666 shares of Bank of Hawaii stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $90.71, for a total value of $1,058,222.86. Following the completion of the transaction, the insider now owns 53,899 shares of the company’s stock, valued at approximately $4,889,178.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Erickson bought 350 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were bought at an average price of $73.79 per share, with a total value of $25,826.50. Following the purchase, the director now owns 1,643 shares in the company, valued at approximately $121,236.97. The disclosure for this purchase can be found here. 2.14% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new position in shares of Bank of Hawaii in the 4th quarter valued at approximately $4,758,000. Great Diamond Partners LLC acquired a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $37,000. Orion Portfolio Solutions LLC acquired a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $45,000. Marshall Wace North America L.P. acquired a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $112,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $136,000. Institutional investors and hedge funds own 75.87% of the company’s stock.

Bank of Hawaii Company Profile (NYSE:BOH)

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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