Bank of Hawaii (NYSE:BOH) Earns Overweight Rating from Analysts at Stephens

Research analysts at Stephens initiated coverage on shares of Bank of Hawaii (NYSE:BOH - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set an "overweight" rating and a $90.00 price target on the bank's stock. Stephens' target price suggests a potential upside of 11.39% from the stock's current price.

A number of other research firms also recently weighed in on BOH. Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $67.00 to $74.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Barclays upped their target price on Bank of Hawaii from $50.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. DA Davidson upped their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, Piper Sandler upped their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $69.00.

Bank of Hawaii Stock Performance

Shares of NYSE:BOH traded up $0.99 during midday trading on Wednesday, hitting $80.80. The stock had a trading volume of 79,971 shares, compared to its average volume of 322,815. The company has a market capitalization of $3.21 billion, a PE ratio of 24.31, a P/E/G ratio of 5.29 and a beta of 1.03. The stock has a 50 day moving average price of $69.79 and a two-hundred day moving average price of $64.54. 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 has a 1 year low of $54.50 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $265.76 million during the quarter, compared to analyst estimates of $160.29 million. During the same period in the previous year, the company earned $1.17 earnings per share. As a group, equities analysts predict that Bank of Hawaii will post 3.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 13,717 shares in the company, valued at $991,327.59. This trade represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.47% of the company's stock.

Institutional Trading of Bank of Hawaii

Several hedge funds have recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of Bank of Hawaii in the first quarter valued at approximately $43,673,000. Victory Capital Management Inc. lifted its position 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 valued at $93,533,000 after acquiring an additional 189,878 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Bank of Hawaii during the 3rd quarter worth about $70,960,000. State Street Corp increased its stake in shares of Bank of Hawaii by 5.0% during the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank's stock worth $140,897,000 after purchasing an additional 106,717 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Bank of Hawaii by 14.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock worth $45,167,000 after purchasing an additional 98,465 shares during the last quarter. Institutional investors and hedge funds 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.