Barclays Increases Bank of Hawaii (NYSE:BOH) Price Target to $67.00

Bank of Hawaii (NYSE:BOH - Get Free Report) had its price target lifted by analysts at Barclays from $64.00 to $67.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the bank's stock. Barclays's price target suggests a potential upside of 0.75% from the stock's previous close.

A number of other brokerages have also weighed in on BOH. Piper Sandler boosted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. DA Davidson increased their price objective 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. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $73.17.

Bank of Hawaii Stock Up 3.3 %

BOH stock traded up $2.12 during trading on Tuesday, hitting $66.50. 166,948 shares of the stock traded hands, compared to its average volume of 366,640. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 19.21 and a beta of 0.87. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The firm's 50 day moving average is $67.76 and its two-hundred day moving average is $70.94.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The company had revenue of $169.87 million during the quarter, compared to analyst estimates of $168.65 million. During the same period in the previous year, the business earned $0.87 EPS. On average, sell-side analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current year.

Insider Activity at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 449 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the sale, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares in the company, valued at $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BOH. Vanguard Group Inc. grew its holdings in Bank of Hawaii by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock valued at $329,001,000 after purchasing an additional 31,918 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bank of Hawaii by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock valued at $111,955,000 after acquiring an additional 60,092 shares during the period. Dimensional Fund Advisors LP grew its position in Bank of Hawaii by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank's stock valued at $59,884,000 after acquiring an additional 42,719 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Bank of Hawaii during the fourth quarter worth $54,309,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Bank of Hawaii by 558.1% during the fourth quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank's stock valued at $46,084,000 after purchasing an additional 548,599 shares during the period. 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.

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