Bank of Hawaii (NYSE:BOH) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.
A number of other research analysts have also issued reports on BOH. Zacks Investment Research upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating and set a $60.00 target price on the stock in a research report on Friday, July 31st. Piper Sandler decreased their target price on shares of Bank of Hawaii from $61.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Bank of Hawaii currently has an average rating of “Hold” and an average price target of $66.50.
Bank of Hawaii stock opened at $71.58 on Tuesday. The stock has a market cap of $2.87 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. Bank of Hawaii has a twelve month low of $46.70 and a twelve month high of $95.68. The company’s 50-day moving average price is $55.60 and its two-hundred day moving average price is $58.61.
Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Saturday, October 31st. The bank reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.11. Bank of Hawaii had a net margin of 22.62% and a return on equity of 12.73%. During the same period in the previous year, the company posted $1.29 EPS. Equities analysts anticipate that Bank of Hawaii will post 3.84 earnings per share for the current fiscal year.
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In other news, Director Barbara J. Tanabe purchased 1,475 shares of Bank of Hawaii stock in a transaction that occurred on Wednesday, October 28th. The shares were acquired at an average price of $58.27 per share, for a total transaction of $85,948.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Victor K. Nichols purchased 4,475 shares of Bank of Hawaii stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average price of $55.66 per share, for a total transaction of $249,078.50. Following the transaction, the director now directly owns 10,055 shares in the company, valued at approximately $559,661.30. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,950 shares of company stock worth $386,987 in the last quarter. 2.14% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of BOH. Fifth Third Bancorp boosted its position in shares of Bank of Hawaii by 12.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,729 shares of the bank’s stock worth $87,000 after acquiring an additional 185 shares in the last quarter. Assetmark Inc. bought a new position in Bank of Hawaii in the 2nd quarter valued at approximately $92,000. Riggs Asset Managment Co. Inc. bought a new position in Bank of Hawaii in the 3rd quarter valued at approximately $110,000. Sippican Capital Advisors bought a new position in Bank of Hawaii in the 2nd quarter valued at approximately $203,000. Finally, AE Wealth Management LLC bought a new position in Bank of Hawaii in the 2nd quarter valued at approximately $211,000. Institutional investors and hedge funds own 74.03% of the company’s stock.
About Bank of Hawaii
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 in four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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Read More: Bank of Hawaii (NYSE:BOH) Upgraded to “Hold” at ValuEngine