Bank of Hawaii Co. (NYSE:BOH) Receives $71.83 Consensus Price Target from Brokerages

Bank of Hawaii Co. (NYSE:BOH - Get Free Report) has been given an average rating of "Reduce" by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $71.83.

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upped 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 report on Wednesday, December 4th. Piper Sandler lifted their price target on Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Stephens assumed coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price objective for the company. Finally, DA Davidson lifted their target price on Bank of Hawaii from $65.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th.

Bank of Hawaii Stock Performance

BOH stock traded down $1.19 during midday trading on Thursday, reaching $70.05. The company had a trading volume of 336,204 shares, compared to its average volume of 325,557. The firm has a market capitalization of $2.78 billion, a PE ratio of 21.04, a P/E/G ratio of 4.86 and a beta of 1.03. The stock has a 50 day moving average price of $74.86 and a 200 day moving average price of $67.51. Bank of Hawaii has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. 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 (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The business had revenue of $265.76 million during the quarter, compared to analyst estimates of $160.29 million. During the same quarter in the previous year, the firm posted $1.17 EPS. Analysts anticipate that Bank of Hawaii will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, November 29th. Bank of Hawaii's payout ratio is currently 84.08%.

Insider Transactions at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the firm's 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 completion of the sale, the insider now directly owns 13,717 shares in the company, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.11% of the company's stock.

Institutional Investors Weigh In On Bank of Hawaii

A number of institutional investors and hedge funds have recently modified their holdings of BOH. State Street Corp boosted its holdings in shares of Bank of Hawaii by 5.0% in the third quarter. State Street Corp now owns 2,244,649 shares of the bank's stock worth $140,897,000 after buying an additional 106,717 shares during the period. Victory Capital Management Inc. boosted its stake in Bank of Hawaii by 13.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank's stock worth $93,533,000 after purchasing an additional 189,878 shares during the period. Charles Schwab Investment Management Inc. grew its position in Bank of Hawaii by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank's stock worth $94,872,000 after purchasing an additional 35,187 shares in the last quarter. Geode Capital Management LLC raised its stake in Bank of Hawaii by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 908,303 shares of the bank's stock valued at $57,025,000 after purchasing an additional 10,357 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Bank of Hawaii by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock valued at $45,167,000 after purchasing an additional 98,465 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

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.