Bank of Hawaii (NYSE:BOH) Given New $81.00 Price Target at Keefe, Bruyette & Woods

Bank of Hawaii (NYSE:BOH) had its price objective hoisted by Keefe, Bruyette & Woods from $74.00 to $81.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

Several other equities analysts have also commented on BOH. Barclays increased their price objective on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Piper Sandler increased their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. DA Davidson boosted their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Stephens initiated coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and a consensus target price of $71.83.

Bank of Hawaii Price Performance

NYSE:BOH opened at $76.42 on Wednesday. The business’s 50-day moving average is $72.15 and its 200 day moving average is $65.52. Bank of Hawaii has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a market capitalization of $3.04 billion, a P/E ratio of 22.95, a P/E/G ratio of 5.12 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 (NYSE:BOH) last issued 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 business 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 prior year, the firm earned $1.17 EPS. On average, equities research analysts forecast that Bank of Hawaii will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

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

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.11% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of large investors have recently made changes to their positions in the stock. Swedbank AB increased its stake in Bank of Hawaii by 3.6% in the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank’s stock worth $41,477,000 after buying an additional 25,000 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 35,187 shares during the period. American Century Companies Inc. grew its stake in Bank of Hawaii by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock worth $38,652,000 after acquiring an additional 54,078 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Bank of Hawaii during the third quarter worth approximately $1,823,000. Finally, Price T Rowe Associates Inc. MD raised its stake 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 valued at $2,052,000 after acquiring an additional 1,398 shares in the last quarter. 82.18% of the stock is 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.