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

Bank of Hawaii Co. (NYSE:BOH) has been assigned an average rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $71.83.

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson raised their price target 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 boosted 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 report on Tuesday, October 29th. Finally, Stephens initiated coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price on the stock.

Insider Activity at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the 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 completion of the sale, the insider now directly owns 13,717 shares in the company, valued at approximately $991,327.59. This represents a 8.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bank of Hawaii

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in shares of Bank of Hawaii by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after buying an additional 10,357 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Hawaii by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock valued at $94,872,000 after purchasing an additional 35,187 shares during the period. Barclays PLC lifted its position in shares of Bank of Hawaii by 91.2% during the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock worth $5,870,000 after purchasing an additional 44,599 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Bank of Hawaii by 8.7% in the second quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock valued at $38,652,000 after purchasing an additional 54,078 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Bank of Hawaii by 186.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 25,296 shares of the bank’s stock valued at $1,588,000 after purchasing an additional 16,455 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $71.91 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 4.86 and a beta of 1.03. The company’s 50-day moving average price is $74.98 and its 200 day moving average price is $67.68. Bank of Hawaii has a 52 week low of $54.50 and a 52 week high of $82.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The business had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. During the same period last year, the company posted $1.17 EPS. As a group, research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

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.