Bank of Hawaii (NYSE:BOH) Announces Earnings Results

Bank of Hawaii (NYSE:BOH – Get Rating) issued its quarterly earnings results on Monday. The bank reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08, MarketWatch Earnings reports. Bank of Hawaii had a return on equity of 18.37% and a net margin of 31.88%. During the same quarter in the prior year, the company posted $1.55 earnings per share.

Bank of Hawaii Stock Performance

Shares of BOH stock traded down $1.18 during trading hours on Monday, hitting $77.34. The company’s stock had a trading volume of 171,577 shares, compared to its average volume of 113,770. The company has a 50 day moving average of $78.62 and a 200 day moving average of $78.25. The stock has a market cap of $3.09 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. Bank of Hawaii has a 12-month low of $70.15 and a 12-month high of $89.30.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $79.30, for a total transaction of $436,150.00. Following the completion of the transaction, the chief executive officer now directly owns 233,681 shares in the company, valued at $18,530,903.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.06% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds have recently modified their holdings of the company. Sei Investments Co. boosted its stake in Bank of Hawaii by 1.9% during the first quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock worth $724,000 after buying an additional 151 shares during the period. Point72 Hong Kong Ltd raised its holdings in Bank of Hawaii by 27.9% in the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock valued at $60,000 after acquiring an additional 155 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Bank of Hawaii by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 21,833 shares of the bank’s stock valued at $1,662,000 after acquiring an additional 169 shares in the last quarter. Covestor Ltd raised its holdings in Bank of Hawaii by 72.4% in the first quarter. Covestor Ltd now owns 707 shares of the bank’s stock valued at $59,000 after acquiring an additional 297 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in Bank of Hawaii by 2.0% during the first quarter. Yousif Capital Management LLC now owns 21,391 shares of the bank’s stock worth $1,795,000 after purchasing an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on BOH shares. Compass Point lowered their price target on shares of Bank of Hawaii to $86.00 in a report on Thursday, October 27th. DA Davidson cut their price target on shares of Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, October 25th. Finally, StockNews.com downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, December 6th.

Bank of Hawaii Company Profile

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Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.