Keefe, Bruyette & Woods Boosts Bank of Hawaii (NYSE:BOH) Price Target to $58.00

Bank of Hawaii (NYSE:BOH) had its price target boosted by equities research analysts at Keefe, Bruyette & Woods from $55.00 to $58.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “underperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential downside of 0.71% from the company’s current price.

BOH has been the topic of a number of other research reports. Jefferies Financial Group dropped their price target on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Barclays began coverage on Bank of Hawaii in a research note on Friday, March 8th. They issued an “underweight” rating and a $51.00 target price on the stock. Finally, Piper Sandler lowered their target price on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $52.40.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $58.42 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii has a fifty-two week low of $30.83 and a fifty-two week high of $75.19. The firm has a market capitalization of $2.32 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The stock’s 50-day simple moving average is $60.45 and its 200-day simple moving average is $60.74.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, April 22nd. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. During the same period last year, the business posted $1.14 EPS. As a group, equities research analysts forecast that Bank of Hawaii will post 3.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank of Hawaii

Several large investors have recently added to or reduced their stakes in BOH. Vanguard Group Inc. grew its stake in shares of Bank of Hawaii by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock valued at $336,946,000 after buying an additional 87,919 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Bank of Hawaii by 28.6% in the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock worth $131,789,000 after buying an additional 590,492 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Bank of Hawaii by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,142,123 shares of the bank’s stock worth $82,758,000 after buying an additional 24,031 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Bank of Hawaii by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 508,933 shares of the bank’s stock valued at $36,877,000 after purchasing an additional 2,495 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Bank of Hawaii by 105.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock worth $32,718,000 after buying an additional 231,909 shares during the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that 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 Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.