Bank of Hawaii (NYSE:BOH) Price Target Raised to $79.00 at DA Davidson

Bank of Hawaii (NYSE:BOH) had its price objective boosted by DA Davidson from $75.00 to $79.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Other equities research analysts have also issued reports about the company. Barclays upped their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens assumed coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Finally, Piper Sandler increased their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.00.

Bank of Hawaii Stock Up 1.6 %

Shares of BOH stock opened at $75.35 on Tuesday. Bank of Hawaii has a one year low of $54.50 and a one year high of $82.70. 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 stock has a fifty day moving average price of $73.30 and a 200 day moving average price of $69.36. The stock has a market cap of $3.00 billion, a P/E ratio of 22.63 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. Analysts predict that Bank of Hawaii will post 3.54 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.72%. Bank of Hawaii’s dividend payout ratio is 84.08%.

Institutional Investors Weigh In On Bank of Hawaii

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in shares of Bank of Hawaii during the second quarter valued at approximately $1,344,000. Squarepoint Ops LLC acquired a new position in Bank of Hawaii during the 2nd quarter worth $2,230,000. The Manufacturers Life Insurance Company boosted its position in Bank of Hawaii by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,878 shares of the bank’s stock valued at $1,252,000 after buying an additional 1,061 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Bank of Hawaii in the 2nd quarter valued at $229,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Bank of Hawaii during the second quarter worth $106,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

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.