Bank of Hawaii (NYSE: BOH – Get a rating) was downgraded by equity research analysts to from a “hold” rating to a “sell” rating in a research report released on Saturday.

Separately, Jefferies Financial Group cut its price target on Bank of Hawaii shares from $87.00 to $79.00 in a Monday, July 11 report.

Bank of Hawaii shares fall 2.0%

Bank of Hawaii shares opened at $79.49 on Friday. The company has a debt ratio of 0.01, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $3.19 billion, a PE ratio of 13.78, a price-to-growth earnings ratio of 1.78 and a beta of 1.12. Bank of Hawaii has a 52-week low of $70.89 and a 52-week high of $92.38. The company has a 50-day simple moving average of $78.12 and a two-hundred-day simple moving average of $79.67.

Bank of Hawaii (NYSE: BOH – Get a rating) last released its results on Monday, July 25. The bank reported earnings per share (EPS) of $1.38 for the quarter, beating the consensus estimate of $1.35 by $0.03. Bank of Hawaii had a net margin of 33.63% and a return on equity of 17.98%. In the same period a year earlier, the company earned earnings per share of $1.68. On average, analysts expect Bank of Hawaii to post an EPS of 5.64 for the current fiscal year.

Insider activity

In other news, CEO Peter S. Ho sold 5,500 shares of the company in a trade that took place on Wednesday, August 10. The shares were sold at an average price of $81.67, for a total transaction of $449,185.00. Following completion of the transaction, the CEO now directly owns 239,181 shares of the company, valued at $19,533,912.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. 2.06% of the shares are held by insiders.

Bank of Hawaii Institutional Trading

Several large investors have recently increased or reduced their stake in BOH. Victory Capital Management Inc. increased its position in Bank of Hawaii shares by 39.8% in the second quarter. Victory Capital Management Inc. now owns 2,167,240 shares of the bank worth $161,242,000 after purchasing an additional 617,432 shares during the period. State Street Corp increased its position in Bank of Hawaii shares by 10.9% in the first quarter. State Street Corp now owns 1,777,119 shares of the bank worth $149,136,000 after purchasing an additional 174,889 shares during the period. Grandeur Peak Global Advisors LLC increased its holdings of Bank of Hawaii shares by 175.2% in the first quarter. Grandeur Peak Global Advisors LLC now owns 191,968 shares of the bank worth $16,110,000 after purchasing an additional 122,215 shares last quarter. Country Club Bank GFN bought a new position in shares of Bank of Hawaii in the first quarter for a value of $10,039,000. Finally, Northern Trust Corp increased its holdings of Bank of Hawaii shares by 25.8% in the first quarter. Northern Trust Corp now owns 447,658 shares of the bank worth $37,568,000 after buying an additional 91,791 shares last quarter. 71.07% of the shares are currently held by institutional investors.

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.

Further reading

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