Bank of Hawaii (NYSE: BOH – Get a rating) saw its price target lowered by Jefferies Financial Group equity research analysts from $87.00 to $79.00 in a report on Monday, Fly reports. Jefferies Financial Group’s price target suggests a potential upside of 4.10% from the stock’s previous close.
Separately, StockNews.com moved the Bank of Hawaii from a “hold” rating to a “sell” rating in a Monday, May 23 report.
Shares of NYSE:BOH opened at $75.89 on Monday. The company’s fifty-day moving average is $75.96 and its 200-day moving average is $81.56. Bank of Hawaii has a 52-week low of $70.97 and a 52-week high of $92.38. The company has a market capitalization of $3.06 billion, a PE ratio of 12.50, a P/E/G ratio of 1.70 and a beta of 1.13.
Bank of Hawaii (NYSE: BOH – Get a rating) last released its quarterly earnings data on Monday, April 25. The bank reported earnings per share of $1.32 for the quarter, beating the consensus estimate of $1.22 by $0.10. The company posted revenue of $168.81 million in the quarter, versus analyst estimates of $169.30 million. Bank of Hawaii had a net margin of 35.44% and a return on equity of 17.99%. In the same quarter last year, the company posted earnings per share of $1.50. On average, stock research analysts expect Bank of Hawaii to post 5.58 earnings per share for the current fiscal year.
In related news, CEO Peter S. Ho sold 5,500 shares of the company in a trade on Tuesday, May 10. The shares were sold at an average price of $74.51, for a total transaction of $409,805.00. Following the sale, the CEO now directly owns 244,681 shares of the company, valued at $18,231,181.31. The sale was disclosed in an SEC filing, available at this hyperlink. Insiders of the company own 2.06% of the shares of the company.
A number of hedge funds have been buying and selling BOH shares recently. American Century Companies Inc. increased its stake in Bank of Hawaii by 34.6% in the fourth quarter. American Century Companies Inc. now owns 115,892 shares of the bank valued at $9,707,000 after purchasing an additional 29,804 shares during the period. Charles Schwab Investment Management Inc. increased its holdings of Bank of Hawaii shares by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,276 shares of the bank valued at $59,912,000 after purchasing an additional 29,924 shares last quarter. Bank of America Corp DE increased its stake in Bank of Hawaii shares by 2.4% in Q4. Bank of America Corp DE now owns 222,290 shares of the bank valued at $18,620,000 after buying 5,214 additional shares in the last quarter. ETF Managers Group LLC increased its holdings of Bank of Hawaii shares by 5.0% during the 4th quarter. ETF Managers Group LLC now owns 7,718 shares of the bank worth $647,000 after buying 366 additional shares in the last quarter. Finally, Everett Harris & Co. CA acquired a new position in shares of Bank of Hawaii during the 1st quarter at a value of $2,099,000. Hedge funds and other institutional investors hold 71.07% of the company’s shares.
Bank of Hawaii Corporate Profile (Get a rating)
Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which 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 Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; 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 stocks, mutual funds, life insurance and annuity products.
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