Bank of Hawaii (NYSE:BOH) Price Target Increased to $54.00 by Analysts at Jefferies Financial Group

Bank of Hawaii (NYSE:BOH) had its price objective upped by Jefferies Financial Group from $53.00 to $54.00 in a report published on Wednesday morning, Benzinga reports. They currently have a hold rating on the bank’s stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com raised shares of Bank of Hawaii to a sell rating in a research note on Thursday, May 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an underperform rating in a report on Tuesday, April 23rd. Piper Sandler dropped their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a neutral rating for the company in a report on Tuesday, April 23rd. Finally, Barclays dropped their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an underweight rating for the company in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, Bank of Hawaii has a consensus rating of Reduce and a consensus target price of $55.50.

Bank of Hawaii Price Performance

Bank of Hawaii stock opened at $57.06 on Wednesday. The company’s 50 day simple moving average is $57.67 and its 200-day simple moving average is $61.56. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 14.71 and a beta of 1.06. Bank of Hawaii has a 1 year low of $39.02 and a 1 year high of $75.19. 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 (NYSE:BOH) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $252.64 million during the quarter, compared to analysts’ expectations of $160.79 million. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. During the same period last year, the firm posted $1.14 earnings per share. As a group, equities research analysts expect that Bank of Hawaii will post 3.45 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Friday, May 31st. Bank of Hawaii’s dividend payout ratio is presently 72.16%.

Institutional Investors Weigh In On Bank of Hawaii

A number of large investors have recently modified their holdings of the company. Swedbank AB purchased a new stake in shares of Bank of Hawaii in the 1st quarter valued at approximately $43,673,000. Tidal Investments LLC purchased a new stake in shares of Bank of Hawaii in the 1st quarter valued at approximately $832,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Bank of Hawaii in the 1st quarter valued at approximately $283,000. Vancity Investment Management Ltd purchased a new stake in shares of Bank of Hawaii in the 1st quarter valued at approximately $291,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Bank of Hawaii by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank’s stock valued at $2,052,000 after purchasing an additional 1,398 shares during the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

About Bank of Hawaii

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.