Jefferies Financial Group Increases Bank of Hawaii (NYSE:BOH) Price Target to $54.00

Bank of Hawaii (NYSE:BOH) had its price objective increased by investment analysts at Jefferies Financial Group from $53.00 to $54.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s price objective points to a potential downside of 5.33% from the company’s current price.

BOH has been the subject of several other research reports. Barclays dropped their target price on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods upped their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research report on Tuesday, April 23rd. Piper Sandler reduced their target price on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. Finally, StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research note on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $55.50.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $57.04 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s fifty day moving average is $57.62 and its 200 day moving average is $61.53. The firm has a market capitalization of $2.26 billion, a PE ratio of 14.70 and a beta of 1.06. Bank of Hawaii has a fifty-two week low of $39.02 and a fifty-two week high of $75.19.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Friday, April 26th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The firm had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. During the same quarter last year, the business posted $1.14 EPS. On average, sell-side analysts anticipate that Bank of Hawaii will post 3.45 earnings per share for the current year.

Hedge Funds Weigh In On Bank of Hawaii

Several institutional investors have recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its holdings in Bank of Hawaii by 0.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 21,787 shares of the bank’s stock worth $1,359,000 after acquiring an additional 176 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in shares of Bank of Hawaii by 0.4% during the fourth quarter. Congress Asset Management Co. MA now owns 48,987 shares of the bank’s stock valued at $3,550,000 after purchasing an additional 185 shares in the last quarter. Harrington Investments INC increased its holdings in Bank of Hawaii by 1.1% during the fourth quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock valued at $1,355,000 after buying an additional 200 shares during the period. Bleakley Financial Group LLC raised its stake in Bank of Hawaii by 2.5% in the fourth quarter. Bleakley Financial Group LLC now owns 8,424 shares of the bank’s stock worth $610,000 after buying an additional 206 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its holdings in Bank of Hawaii by 6.1% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,773 shares of the bank’s stock worth $346,000 after buying an additional 273 shares during the period. Hedge funds and other institutional investors own 82.18% of the company’s stock.

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.