Bank of Hawaii Co. (NYSE:BOH) had its price target decreased by investment analysts at RBC Capital from $69.00 to $63.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm presently has a “sector perform” rating on the stock. RBC Capital’s target price points to a potential upside of 9.28% from the stock’s current price.

Shares of Bank of Hawaii (NYSE:BOH) traded up 2.32% during midday trading on Tuesday, hitting $58.99. The company’s stock had a trading volume of 187,969 shares. Bank of Hawaii has a 52-week low of $54.55 and a 52-week high of $70.07. The stock’s 50 day moving average is $60.78 and its 200-day moving average is $64.36. The firm has a market cap of $2.55 billion and a P/E ratio of 15.94.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, January 25th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. During the same period in the previous year, the company posted $0.94 earnings per share. Equities analysts predict that Bank of Hawaii will post $3.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 14th. Shareholders of record on Monday, February 29th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 3.12%.

A number of other equities analysts also recently weighed in on BOH. Zacks Investment Research downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Wednesday, September 30th. Jefferies Group lowered their price target on shares of Bank of Hawaii from $63.00 to $61.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Barclays reaffirmed a “hold” rating and issued a $66.00 price target (down previously from $69.00) on shares of Bank of Hawaii in a report on Friday, October 9th. Sandler O’Neill lowered their price target on shares of Bank of Hawaii from $69.00 to $68.00 and set a “hold” rating on the stock in a report on Tuesday, October 27th. Finally, Morgan Stanley lifted their price target on shares of Bank of Hawaii from $61.00 to $62.00 in a report on Thursday, October 29th. Eight research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $64.57.

Several hedge funds and institutional investors have recently added to or reduced their stakes in BOH. Simplex Trading purchased a new position in Bank of Hawaii during the fourth quarter valued at $0. Cookson Peirce & Co. Inc. boosted its position in Bank of Hawaii by 18.0% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 9,600 shares of the company’s stock valued at $604,000 after buying an additional 1,465 shares during the last quarter. BB&T Securities boosted its position in Bank of Hawaii by 30.5% in the fourth quarter. BB&T Securities now owns 13,392 shares of the company’s stock valued at $842,000 after buying an additional 3,130 shares during the last quarter. Janus Capital Management purchased a new position in Bank of Hawaii during the third quarter valued at $2,451,000. Finally, First American Bank boosted its position in Bank of Hawaii by 3.1% in the fourth quarter. First American Bank now owns 47,232 shares of the company’s stock valued at $2,970,000 after buying an additional 1,420 shares during the last quarter.

In other Bank of Hawaii news, insider Mary E. Sellers sold 20,007 shares of the business’s stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $63.21, for a total transaction of $1,264,642.47. Following the sale, the insider now owns 69,366 shares of the company’s stock, valued at approximately $4,384,624.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Derek J. Norris sold 4,131 shares of the business’s stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $63.17, for a total transaction of $260,955.27. Following the sale, the insider now directly owns 33,235 shares in the company, valued at approximately $2,099,454.95. The disclosure for this sale can be found here.

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (NYSE:BOH). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other. Its Retail Banking segment offers a range of financial products and services to consumers and small businesses. Its Commercial Banking segment offers products, including corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing and deposit products. Its Investment Services segment offers private banking, trust services, investment management and institutional investment advisory services. The Company’s Treasury and Other segment consists of corporate asset and liability management activities, including interest rate risk management and a foreign currency exchange business.

12 Month Chart for NYSE:BOH

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