Bank of Hawaii Co. (NYSE:BOH) Receives $73.00 Consensus Price Target from Brokerages

Bank of Hawaii Co. (NYSE:BOH) has received a consensus rating of “Reduce” from the six analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $73.00.

BOH has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. 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. Barclays lifted their price target on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Stephens initiated coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Finally, DA Davidson raised their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th.

Insider Activity at Bank of Hawaii

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the transaction, the chief accounting officer now owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. This represents a 17.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the sale, the insider now owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.11% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds have recently bought and sold shares of BOH. Public Employees Retirement System of Ohio bought a new stake in Bank of Hawaii during the 4th quarter valued at approximately $49,000. SBI Securities Co. Ltd. bought a new stake in shares of Bank of Hawaii in the fourth quarter valued at approximately $50,000. Headlands Technologies LLC grew its stake in shares of Bank of Hawaii by 285.8% in the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after acquiring an additional 703 shares during the last quarter. CoreFirst Bank & Trust bought a new position in Bank of Hawaii during the fourth quarter worth $70,000. Finally, Smartleaf Asset Management LLC raised its stake in Bank of Hawaii by 204.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,037 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Price Performance

NYSE BOH opened at $70.85 on Friday. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The business’s fifty day moving average is $71.91 and its two-hundred day moving average is $70.25. The stock has a market capitalization of $2.82 billion, a P/E ratio of 20.48 and a beta of 1.04. 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 (NYSE:BOH) last announced its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. On average, research analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed 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 yield of 3.95%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

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.