Bank of Hawaii Corporation (BOH) Stock Rating Lowered by Zacks Investment Research

Bank of Hawaii Corporation (NYSE:BOH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company’s principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. “

BOH has been the topic of several other research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 target price on shares of Bank of Hawaii Corporation in a report on Friday, September 15th. BidaskClub lowered shares of Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC increased their target price on shares of Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, July 25th. Morgan Stanley reaffirmed an “underweight” rating and set a $77.00 target price (up previously from $75.00) on shares of Bank of Hawaii Corporation in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $94.00 target price on shares of Bank of Hawaii Corporation in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.60.

Shares of Bank of Hawaii Corporation (NYSE:BOH) opened at 83.44 on Wednesday. The firm’s 50 day moving average is $80.60 and its 200-day moving average is $81.04. Bank of Hawaii Corporation has a 1-year low of $72.57 and a 1-year high of $90.80. The company has a market cap of $3.56 billion, a PE ratio of 19.50 and a beta of 0.99.

Bank of Hawaii Corporation (NYSE:BOH) last released its earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The company had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. During the same quarter last year, the firm earned $1.03 EPS. Equities analysts expect that Bank of Hawaii Corporation will post $4.42 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Bank of Hawaii Corporation (BOH) Stock Rating Lowered by Zacks Investment Research” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://sportsperspectives.com/2017/10/13/bank-of-hawaii-corporation-boh-stock-rating-lowered-by-zacks-investment-research.html.

In other news, insider Donna A. Tanoue sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total value of $461,280.00. Following the completion of the sale, the insider now directly owns 9,969 shares of the company’s stock, valued at approximately $766,416.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donna A. Tanoue sold 4,050 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the sale, the insider now directly owns 9,969 shares of the company’s stock, valued at $759,139.35. The disclosure for this sale can be found here. In the last three months, insiders sold 11,235 shares of company stock worth $860,767. Insiders own 2.16% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Crestwood Advisors Group LLC lifted its position in shares of Bank of Hawaii Corporation by 0.6% in the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock worth $206,000 after purchasing an additional 14 shares during the period. Alps Advisors Inc. lifted its position in shares of Bank of Hawaii Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,667 shares of the bank’s stock worth $470,000 after purchasing an additional 15 shares during the period. World Asset Management Inc lifted its position in shares of Bank of Hawaii Corporation by 1.4% in the 2nd quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock worth $221,000 after purchasing an additional 36 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Bank of Hawaii Corporation by 1.2% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,436 shares of the bank’s stock worth $512,000 after purchasing an additional 87 shares during the period. Finally, Cadinha & Co. LLC lifted its position in shares of Bank of Hawaii Corporation by 0.3% in the 2nd quarter. Cadinha & Co. LLC now owns 32,993 shares of the bank’s stock worth $2,737,000 after purchasing an additional 100 shares during the period. 75.61% of the stock is owned by hedge funds and other institutional investors.

About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Receive News & Ratings for Bank of Hawaii Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply