Bank of Hawaii Corporation (BOH) is Initiated by Piper Jaffray to Neutral, Price Target at $70

Bank of Hawaii Corporation (BOH) was Initiated by Piper Jaffray to “Neutral” and the brokerage firm has set the Price Target at $70. Piper Jaffray advised their investors in a research report released on Jul 8, 2016.

On the company’s financial health, Bank of Hawaii Corporation reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.99. The company had revenue of $159.20 million for the quarter, compared to analysts expectations of $150.76 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Bank of Hawaii Corporation closed down -1.56 points or -2.30% at $66.37 with 3,17,265 shares getting traded on Tuesday. Post opening the session at $67.21, the shares hit an intraday low of $65.8 and an intraday high of $67.22 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 28, 2016, Barbara J Tanabe (director) sold 725 shares at $69.43 per share price. According to the SEC, on Mar 7, 2016, Peter S Ho (Chairman, CEO and President) sold 381 shares at $67.66 per share price. On Mar 3, 2016, Michael J Chun (director) sold 1,134 shares at $66.62 per share price, according to the Form-4 filing with the securities and exchange commission.

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 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.

Bank of Hawaii Corporation

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