Bank of Hawaii (NYSE:BOH) Stock Rating Upgraded by Keefe, Bruyette & Woods

Bank of Hawaii (NYSE:BOH) was upgraded by equities research analysts at Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating in a research note issued on Wednesday, Briefing.com reports. The firm currently has a $67.00 target price on the bank’s stock, up from their previous target price of $60.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.25% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Piper Sandler lowered shares of Bank of Hawaii from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $70.00 to $61.00 in a report on Monday, August 12th. DA Davidson boosted their price objective on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Jefferies Financial Group increased their target price on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.40.

Bank of Hawaii Price Performance

BOH opened at $61.33 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $65.12 and a 200 day moving average of $61.14. Bank of Hawaii has a 52-week low of $45.56 and a 52-week high of $75.19. The stock has a market cap of $2.44 billion, a P/E ratio of 15.81 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). The firm had revenue of $255.62 million during the quarter, compared to the consensus estimate of $157.12 million. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. During the same period last year, the company earned $1.12 EPS. As a group, sell-side analysts anticipate that Bank of Hawaii will post 3.45 EPS for the current year.

Insider Buying and Selling

In related news, insider Taryn L. Salmon sold 2,364 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $67.80, for a total transaction of $160,279.20. Following the completion of the transaction, the insider now directly owns 10,785 shares in the company, valued at $731,223. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bank of Hawaii during the 2nd quarter valued at approximately $106,000. Point72 DIFC Ltd purchased a new position in Bank of Hawaii during the second quarter valued at $119,000. Rothschild Investment LLC purchased a new position in Bank of Hawaii during the second quarter valued at $172,000. Bridges Investment Management Inc. acquired a new stake in shares of Bank of Hawaii in the second quarter valued at about $205,000. Finally, Algert Global LLC purchased a new stake in shares of Bank of Hawaii during the second quarter worth about $229,000. 82.18% of the stock is currently 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.