Piper Sandler Boosts Bank of Hawaii (NYSE:BOH) Price Target to $68.00

Bank of Hawaii (NYSE:BOH) had its target price hoisted by analysts at Piper Sandler from $66.00 to $68.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the bank’s stock. Piper Sandler’s price objective suggests a potential downside of 8.61% from the stock’s previous close.

A number of other brokerages have also recently issued reports on BOH. DA Davidson increased their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Barclays boosted their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods increased their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens initiated coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target for the company. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Stock Down 1.4 %

Shares of NYSE BOH opened at $74.40 on Tuesday. The business’s fifty day moving average price is $73.26 and its 200-day moving average price is $69.40. Bank of Hawaii has a one year low of $54.50 and a one year high of $82.70. The stock has a market capitalization of $2.96 billion, a PE ratio of 22.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. On average, equities research analysts anticipate that Bank of Hawaii will post 3.54 EPS for the current year.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently modified their holdings of BOH. Perigon Wealth Management LLC lifted its position in Bank of Hawaii by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock worth $1,168,000 after buying an additional 154 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Bank of Hawaii by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock worth $396,000 after acquiring an additional 182 shares during the last quarter. Cadinha & Co. LLC boosted its stake in shares of Bank of Hawaii by 12.2% in the 4th quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock valued at $277,000 after purchasing an additional 423 shares in the last quarter. Harrington Investments INC grew its holdings in shares of Bank of Hawaii by 2.3% during the 3rd quarter. Harrington Investments INC now owns 20,156 shares of the bank’s stock valued at $1,265,000 after purchasing an additional 450 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Bank of Hawaii by 29.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after purchasing an additional 536 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.