Bank of Hawaii (NYSE:BOH) downgraded by

Bank of Hawaii (NYSE: BOHGet a rating) was downgraded by from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

BOH traded at $1.64 on Monday, reaching $76.91. The company had a trading volume of 191,356 shares, compared to an average volume of 199,111. Bank of Hawaii has a 1-year low of $73.00 and a 1-year high of $92.64. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 12.67, a growth price-to-earnings ratio of 1.69 and a beta of 1.16. The company’s fifty-day moving average price is $79.66 and its 200-day moving average price is $83.53.

Bank of Hawaii (NYSE: BOHGet a rating) last released its quarterly results on Monday, April 25. The bank reported EPS of $1.32 for the quarter, beating analysts’ 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 return on equity of 17.99% and a net margin of 35.44%. During the same period of the previous year, the company made earnings per share of $1.50. Analysts expect Bank of Hawaii to post earnings per share of 5.55 for the current fiscal year.

In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the company in a trade on Tuesday, May 10. The stock was sold at an average price of $74.51, for a total value 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 a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders hold 2.06% of the company’s shares.

Hedge funds have recently changed their positions in the business. Covestor Ltd purchased a new stake in shares of Bank of Hawaii during the fourth quarter at a value of $34,000. CWM LLC bought a new position in Bank of Hawaii in the fourth quarter worth about $37,000. Steward Partners Investment Advisory LLC increased its stake in Bank of Hawaii by 110.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 476 shares of the bank valued at $40,000 after purchasing an additional 250 shares during the period. Point72 Hong Kong Ltd acquired a new position in Bank of Hawaii in the fourth quarter, valued at around $46,000. Finally, Spire Wealth Management acquired a new position in Bank of Hawaii in the fourth quarter valued at approximately $49,000. 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 private and international clients 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.

Featured Articles

Get news and reviews for Bank of Hawaii Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Bank of Hawaii and related companies with’s free daily email newsletter.

Comments are closed.