Bank of Hawaii Corporation (NYSE:BOH) shares traded -4.38% lower at $75.08 on Wall Street last session.
In accordance with the data, 7 analysts cover Bank of Hawaii Corporation (NYSE:BOH). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $86.00 and a low of $71.00, we find $76.50. Given the previous closing price of $78.52, this indicates a potential downside of -2.57 percent. BOH stock price is now -4.43% away from the 50-day moving average and -3.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2.94B.
It has been rated a hold by 5 analysts and a buy by 1. Brokers who have rated the stock have averaged $77.50 as their price target over the next twelve months.
On April 21, 2020, Compass Point Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $68, while ‘Barclays’ rates the stock as ‘Equal Weight’.
In other news, HO PETER S, Chairman, CEO and President sold 5,500 shares of the company’s stock on Nov 10. The stock was sold for $436,150 at an average price of $79.30. Upon completion of the transaction, the Chairman, CEO and President now directly owns 233,681 shares in the company, valued at $17.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, Chairman, CEO and President HO PETER S sold 5,500 shares of the business’s stock. A total of $449,185 was realized by selling the stock at an average price of $81.67. This leaves the insider owning 239,181 shares of the company worth $17.96 million. Insiders disposed of 52,512 shares of company stock worth roughly $3.94 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BOH stock. A new stake in Bank of Hawaii Corporation shares was purchased by CONGRESS ASSET MANAGEMENT CO /MA during the first quarter worth $3,255,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC invested $2,191,000 in shares of BOH during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Bank of Hawaii Corporation valued at approximately $2,084,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in BOH for approximately $1,941,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in BOH valued at around $1,593,000 in the second quarter. In total, there are 390 active investors with 77.00% ownership of the company’s stock.
Bank of Hawaii Corporation (NYSE: BOH) opened at $78.00 on Monday. During the past 12 months, Bank of Hawaii Corporation has had a low of $70.15 and a high of $89.44. The fifty day moving average price for BOH is $78.54 and a two-hundred day moving average price translates $77.73 for the stock.
The latest earnings results from Bank of Hawaii Corporation (NYSE: BOH) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $1.28, missing analysts’ expectations of $1.43 by -0.15. This compares to $1.52 EPS in the same period last year. The net profit margin was 39.60% and return on equity was 17.70% for BOH. The company reported revenue of $154.92 million for the quarter, compared to $134.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.38 percent. For the current quarter, analysts expect BOH to generate $183.84M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/14/2023. Investors who held shares on 02/28/2023 were paid a $0.70 dividend. On an annualized basis, this represents a $2.80 dividend and a 3.73% percent yield. There was an ex-dividend date of 02/27/2023 for this dividend. In terms of dividend payout ratio, BOH is presently at 50.40%.
Bank of Hawaii Corporation(BOH) Company Profile
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, personal 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, and 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. This segment operates 54 branch locations and 307 ATMs throughout Hawaii and the Pacific Islands, and a customer service center, as well as through online and mobile banking. The Commercial Banking segment provides corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing, and deposit products. It offers commercial lending and deposit products to middle-market and large companies, and government entities; commercial real estate mortgages to investors, developers, and builders; and international banking and merchant services. The Treasury and Other segment offers corporate asset and liability management services, including interest rate risk management and foreign exchange services. Bank of Hawaii Corporation was founded in 1897 and is headquartered in Honolulu, Hawaii.