Brokerages Set Bank of Hawaii Co. (NYSE:BOH) Target Price at $64.80

Shares of Bank of Hawaii Co. (NYSE:BOH) have been assigned a consensus recommendation of “Reduce” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $64.80.

Several research analysts have recently weighed in on BOH shares. Keefe, Bruyette & Woods upped their price objective on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Barclays upped their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. DA Davidson increased their price target on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler increased their price target on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th.

Insider Activity

In other news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii 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 owns 13,717 shares in the company, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

Hedge funds and other institutional investors have recently modified their holdings of the business. Glenmede Trust Co. NA boosted its holdings in shares of Bank of Hawaii by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock valued at $396,000 after acquiring an additional 182 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Bank of Hawaii by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 11,134 shares of the bank’s stock valued at $637,000 after acquiring an additional 210 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Bank of Hawaii by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock valued at $1,144,000 after acquiring an additional 300 shares in the last quarter. Harrington Investments INC boosted its holdings in shares of Bank of Hawaii by 2.0% during the 2nd quarter. Harrington Investments INC now owns 19,706 shares of the bank’s stock valued at $1,127,000 after acquiring an additional 394 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in Bank of Hawaii by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 34,790 shares of the bank’s stock worth $2,171,000 after buying an additional 465 shares during the period. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Up 0.4 %

NYSE BOH opened at $77.58 on Wednesday. The stock has a 50-day simple moving average of $67.74 and a 200 day simple moving average of $63.50. The company has a market capitalization of $3.08 billion, a PE ratio of 23.30, a P/E/G ratio of 5.11 and a beta of 1.03. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii has a 12 month low of $54.50 and a 12 month high of $81.45.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The company had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. During the same period in the prior year, the company earned $1.17 earnings per share. Research analysts forecast that Bank of Hawaii will post 3.52 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.61%. Bank of Hawaii’s payout ratio is 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.