DA Davidson Boosts Bank of Hawaii (NYSE:BOH) Price Target to $74.00

Bank of Hawaii (NYSE:BOH - Get Free Report) had its price target hoisted by equities research analysts at DA Davidson from $65.00 to $74.00 in a report released on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the bank's stock. DA Davidson's price target suggests a potential upside of 1.68% from the company's previous close.

A number of other brokerages also recently weighed in on BOH. Barclays increased their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday. Piper Sandler increased their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a report on Tuesday. Jefferies Financial Group increased their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a "hold" rating in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Bank of Hawaii from $67.00 to $74.00 and gave the stock a "market perform" rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $64.80.

Bank of Hawaii Stock Performance

NYSE:BOH traded up $0.41 during midday trading on Tuesday, reaching $72.78. The stock had a trading volume of 399,811 shares, compared to its average volume of 320,016. Bank of Hawaii has a 1-year low of $48.83 and a 1-year high of $75.19. The firm's fifty day simple moving average is $64.98 and its 200-day simple moving average is $61.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $2.89 billion, a P/E ratio of 21.86, a PEG ratio of 7.30 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. The firm had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. During the same period in the prior year, the firm earned $1.17 EPS. On average, equities research analysts forecast that Bank of Hawaii will post 3.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds have recently made changes to their positions in BOH. Swedbank AB acquired a new stake in shares of Bank of Hawaii during the 1st quarter worth about $43,673,000. Victory Capital Management Inc. increased 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 stake in Bank of Hawaii in the 3rd quarter valued at about $70,960,000. Dimensional Fund Advisors LP increased its position in Bank of Hawaii by 14.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock valued at $45,167,000 after acquiring an additional 98,465 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Bank of Hawaii by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank's stock valued at $38,652,000 after acquiring an additional 54,078 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.