Bank of Hawaii (NYSE: BOH) Price target cut to $79.00

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, 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.

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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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