Bank of Hawaii Co. (NYSE:BOH) Receives $73.00 Consensus Target Price from Analysts

Bank of Hawaii Co. (NYSE:BOH - Get Free Report) has received an average rating of "Reduce" from the six ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $73.00.

Several brokerages recently weighed in on BOH. Keefe, Bruyette & Woods increased their price target on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Barclays raised their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. DA Davidson raised their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Piper Sandler upped their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. Finally, Stephens assumed coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price objective on the stock.

Insider Buying and Selling at Bank of Hawaii

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the sale, the chief accounting officer now owns 9,173 shares in the company, valued at approximately $688,708.84. This represents a 17.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now owns 9,880 shares in the company, valued at $740,703.60. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Bank of Hawaii in the 4th quarter worth approximately $49,000. SBI Securities Co. Ltd. acquired a new stake in Bank of Hawaii during the 4th quarter worth $50,000. Headlands Technologies LLC boosted its stake in Bank of Hawaii by 285.8% during the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock worth $68,000 after acquiring an additional 703 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in Bank of Hawaii in the fourth quarter valued at about $70,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Bank of Hawaii by 204.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock worth $110,000 after acquiring an additional 1,037 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

Bank of Hawaii Stock Performance

NYSE BOH traded down $1.75 during trading hours on Friday, hitting $70.85. 303,487 shares of the company's stock traded hands, compared to its average volume of 383,847. The business's fifty day moving average price is $71.97 and its two-hundred day moving average price is $70.14. Bank of Hawaii has a 52 week low of $54.50 and a 52 week high of $82.70. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.82 billion, a P/E ratio of 20.48 and a beta of 1.04.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Equities research analysts predict that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 3.95%. Bank of Hawaii's payout ratio is currently 80.92%.

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.