Bank of Hawaii Co. (NYSE:BOH) Receives $71.83 Average Target Price from Analysts

Bank of Hawaii Co. (NYSE:BOH) has earned an average rating of “Reduce” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $73.00.

Several research analysts recently issued reports on BOH shares. Barclays increased their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Stephens began coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price for the company. Keefe, Bruyette & Woods raised their target price 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. Piper Sandler upped their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, DA Davidson lifted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday.

Bank of Hawaii Stock Performance

BOH opened at $74.40 on Monday. The stock has a 50-day moving average of $73.26 and a 200-day moving average of $69.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a market cap of $2.96 billion, a PE ratio of 22.34 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. As a group, equities research analysts forecast that Bank of Hawaii will post 3.54 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, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s payout ratio is presently 84.08%.

Institutional Investors Weigh In On Bank of Hawaii

Large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Bank of Hawaii in the 2nd quarter valued at $106,000. Point72 DIFC Ltd acquired a new stake in shares of Bank of Hawaii in the 2nd quarter valued at about $119,000. KBC Group NV raised its stake in shares of Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after purchasing an additional 812 shares during the period. UMB Bank n.a. lifted 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 in the last quarter. Finally, Trust Point Inc. acquired a new position in shares of Bank of Hawaii during the fourth quarter worth about $204,000. 82.18% of the stock is currently owned by 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.