Piper Jaffray Initiates Coverage on Bank of Hawaii Corporation to Neutral

Piper Jaffray Initiates Coverage on Bank of Hawaii Corporation(NYSE:BOH). The shares have been rated Neutral. The rating by Piper Jaffray was issued on Jul 8, 2016.

In a different note, On Apr 26, 2016, Macquarie said it Maintains its rating on Bank of Hawaii Corporation. In the research note, the firm Raises the price-target to $63.00 per share. The shares have been rated ‘Neutral’ by the firm.

Bank of Hawaii Corporation (BOH) made into the market gainers list on Wednesdays trading session with the shares advancing 0.33% or 0.23 points. Due to strong positive momentum, the stock ended at $70.11, which is also near the day’s high of $70.33. The stock began the session at $69.87 and the volume stood at 2,94,797 shares. The 52-week high of the shares is $72.77 and the 52 week low is $54.5534. The company has a current market capitalization of $3,018 M and it has 4,30,39,733 shares in outstanding.

Bank of Hawaii Corporation(BOH) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $159.23M. Analysts had an estimated revenue of $149.88M. Earnings per share were $1.16. Analysts had estimated an EPS of $0.99.

Several Insider Transactions has been reported to the SEC. On Apr 28, 2016, Barbara J Tanabe (director) sold 725 shares at $69.43 per share price.Also, 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.

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