Press coverage about Bank of Hawaii (NYSE:BOH) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of Hawaii earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.1587706996065 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Bank of Hawaii’s (BOH) “Hold” Rating Reiterated at Keefe, Bruyette & Woods (americanbankingnews.com)
- Bank of Hawaii Increases Minimum Wage Levels for Employees (finance.yahoo.com)
- $162.90 Million in Sales Expected for Bank of Hawaii Co. (BOH) This Quarter (americanbankingnews.com)
- Bank of Hawaii (BOH) Rating Increased to Buy at Compass Point (americanbankingnews.com)
- Zacks: Analysts Anticipate Bank of Hawaii Co. (BOH) Will Announce Earnings of $1.09 Per Share (americanbankingnews.com)
BOH has been the topic of several research analyst reports. Zacks Investment Research raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $92.00 price objective on shares of Bank of Hawaii in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $92.00 price objective on shares of Bank of Hawaii in a research report on Friday. Morgan Stanley upped their price objective on Bank of Hawaii from $76.00 to $88.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $90.50 price objective on shares of Bank of Hawaii in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.42.
Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. The business had revenue of $158.73 million for the quarter, compared to the consensus estimate of $163.29 million. During the same quarter in the prior year, the company earned $1.02 EPS. equities analysts forecast that Bank of Hawaii will post 4.42 EPS for the current fiscal year.
Bank of Hawaii declared that its board has initiated a share repurchase program on Monday, October 23rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, November 29th. Bank of Hawaii’s payout ratio is 47.82%.
Bank of Hawaii Company Profile
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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