Bank of Hawaii Co. (NYSE:BOH) Receives $64.80 Average Price Target from Brokerages

Shares of Bank of Hawaii Co. (NYSE:BOH) have received an average rating of “Reduce” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $64.80.

A number of equities research analysts recently issued reports on BOH shares. Barclays boosted their target price on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. DA Davidson upped their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler lifted their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th.

Bank of Hawaii Stock Up 0.4 %

Shares of NYSE BOH opened at $77.59 on Wednesday. Bank of Hawaii has a 12-month low of $54.50 and a 12-month high of $81.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm’s 50-day moving average is $67.74 and its two-hundred day moving average is $63.59. The company has a market capitalization of $3.08 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 5.10 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same quarter last year, the business posted $1.17 EPS. Equities analysts anticipate that Bank of Hawaii will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s dividend payout ratio is 84.08%.

Insider Transactions at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bank of Hawaii during the 2nd quarter worth approximately $106,000. Point72 DIFC Ltd purchased a new position in shares of Bank of Hawaii during the second quarter valued at approximately $119,000. UMB Bank n.a. raised its holdings in shares of Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Bank of Hawaii during the second quarter valued at approximately $172,000. Finally, Bridges Investment Management Inc. bought a new stake in shares of Bank of Hawaii during the 2nd quarter worth $205,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.