Bank of Hawaii (NYSE:BOH) Price Target Lowered to $64.00 at Barclays

Bank of Hawaii (NYSE:BOH - Free Report) had its price target lowered by Barclays from $66.00 to $64.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the bank's stock.

Several other analysts have also commented on the company. DA Davidson boosted their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Piper Sandler upped their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $72.67.

Bank of Hawaii Stock Performance

NYSE BOH traded up $0.97 during midday trading on Tuesday, hitting $61.39. The company had a trading volume of 505,082 shares, compared to its average volume of 362,567. The firm has a fifty day simple moving average of $69.02 and a two-hundred day simple moving average of $70.82. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 17.74 and a beta of 0.87. 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 has a fifty-two week low of $54.50 and a fifty-two week high of $82.70.

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

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Friday, February 28th. Bank of Hawaii's dividend payout ratio (DPR) is presently 80.92%.

Insider Buying and Selling

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the transaction, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction 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 of the company's stock, valued at $740,703.60. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company's stock.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in Bank of Hawaii by 80.2% during the first quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock worth $27,000 after buying an additional 174 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Bank of Hawaii during the 4th quarter worth approximately $49,000. SBI Securities Co. Ltd. acquired a new position in Bank of Hawaii during the fourth quarter valued at approximately $50,000. Headlands Technologies LLC increased its stake in Bank of Hawaii by 285.8% in the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock valued at $68,000 after purchasing an additional 703 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Bank of Hawaii in the fourth quarter worth $70,000. 82.18% of the stock is owned by institutional investors and hedge funds.

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.