Analysts Set Bank of Hawaii Co. (NYSE:BOH) PT at $71.83

Bank of Hawaii Co. (NYSE:BOH) has been given a consensus rating of “Reduce” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $71.83.

BOH has been the subject of a number of recent research reports. DA Davidson boosted their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Piper Sandler upped their price target on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Barclays upped their price target on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Stephens started coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target on the stock.

Bank of Hawaii Stock Performance

Shares of NYSE:BOH opened at $75.40 on Friday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. Bank of Hawaii has a 52 week low of $54.50 and a 52 week high of $82.70. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $72.69 and a 200 day moving average of $65.88.

Bank of Hawaii (NYSE:BOH) last issued 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 company had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same quarter in the previous year, the firm posted $1.17 earnings per share. On average, sell-side analysts predict that Bank of Hawaii will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s payout ratio is 84.08%.

Insider Activity at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. This represents a 8.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB grew its position in Bank of Hawaii by 3.6% during the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank’s stock worth $41,477,000 after purchasing an additional 25,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in Bank of Hawaii by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock worth $94,872,000 after purchasing an additional 35,187 shares during the period. American Century Companies Inc. grew its position in Bank of Hawaii by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock worth $38,652,000 after purchasing an additional 54,078 shares during the period. Quest Partners LLC acquired a new stake in Bank of Hawaii during the 3rd quarter worth about $1,823,000. Finally, GSA Capital Partners LLP grew its position in Bank of Hawaii by 284.3% during the 3rd quarter. GSA Capital Partners LLP now owns 20,885 shares of the bank’s stock worth $1,311,000 after purchasing an additional 15,450 shares during the period. 82.18% of the stock is 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.