Bank of Hawaii (NYSE:BOH) Price Target Raised to $66.00

Bank of Hawaii (NYSE:BOH) had its target price upped by Barclays from $56.00 to $66.00 in a report issued on Thursday,Benzinga reports. Barclays currently has an underweight rating on the bank’s stock.

Several other equities research analysts have also recently issued reports on BOH. Stephens started coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price on the stock. Piper Sandler boosted their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, DA Davidson boosted their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $71.83.

Bank of Hawaii Stock Down 0.2 %

Shares of NYSE BOH opened at $76.42 on Thursday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 5.12 and a beta of 1.03. The company’s 50-day simple moving average is $72.15 and its 200-day simple moving average is $65.57. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii has a 52-week low of $54.50 and a 52-week high of $82.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data 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. The company had revenue of $265.76 million for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.17 EPS. Equities analysts predict that Bank of Hawaii will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, November 29th. Bank of Hawaii’s dividend payout ratio is presently 84.08%.

Insider Buying and Selling

In other news, insider Matthew Emerson sold 1,355 shares of the company’s 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 of the company’s stock, valued at $991,327.59. This represents a 8.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.11% of the stock is currently owned by company insiders.

Institutional Trading of Bank of Hawaii

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB increased its position in shares of Bank of Hawaii by 3.6% during the second quarter. Swedbank AB now owns 725,000 shares of the bank’s stock valued at $41,477,000 after acquiring an additional 25,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Bank of Hawaii by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock valued at $94,872,000 after purchasing an additional 35,187 shares during the last quarter. American Century Companies Inc. raised its position in Bank of Hawaii by 8.7% in the second quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock valued at $38,652,000 after purchasing an additional 54,078 shares during the period. Quest Partners LLC acquired a new position in Bank of Hawaii during the third quarter worth $1,823,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Bank of Hawaii by 4.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank’s stock worth $2,052,000 after buying an additional 1,398 shares during the period. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

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.