Bank of Hawaii Co. (NYSE:BOH) Receives $64.80 Consensus PT from Brokerages

Bank of Hawaii Co. (NYSE:BOH) has been assigned an average rating of “Reduce” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $64.80.

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

Bank of Hawaii Stock Up 0.4 %

Shares of NYSE BOH opened at $77.58 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a market cap 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’s fifty day simple moving average is $67.74 and its 200 day simple moving average is $63.50. 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 posted its quarterly earnings results 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. The business had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period in the prior year, the business earned $1.17 EPS. As a group, sell-side analysts forecast that Bank of Hawaii will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, November 29th. Bank of Hawaii’s dividend payout ratio is presently 84.08%.

Insider Activity

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares in the company, valued at $991,327.59. This trade represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA grew its position in Bank of Hawaii by 3.0% during the third 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 during the last quarter. Arizona State Retirement System boosted its stake in shares of Bank of Hawaii by 1.9% during the second quarter. Arizona State Retirement System now owns 11,134 shares of the bank’s stock valued at $637,000 after purchasing an additional 210 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Bank of Hawaii by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock valued at $1,144,000 after purchasing an additional 300 shares during the period. Harrington Investments INC boosted its stake in shares of Bank of Hawaii by 2.0% during the second quarter. Harrington Investments INC now owns 19,706 shares of the bank’s stock valued at $1,127,000 after purchasing an additional 394 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Bank of Hawaii by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 34,790 shares of the bank’s stock valued at $2,171,000 after purchasing an additional 465 shares during the period. 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.