Bank of Hawaii (NYSE:BOH) Price Target Raised to $68.00 at Piper Sandler

Bank of Hawaii (NYSE:BOH - Free Report) had its price objective raised by Piper Sandler from $66.00 to $68.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an underweight rating on the bank's stock.

A number of other research analysts have also recently issued reports on BOH. DA Davidson boosted their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Barclays upped their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Stephens began coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $73.00.

Bank of Hawaii Trading Up 1.6 %

Shares of Bank of Hawaii stock traded up $1.20 on Tuesday, hitting $75.35. 700,244 shares of the company's stock traded hands, compared to its average volume of 459,179. Bank of Hawaii has a one year low of $54.50 and a one year high of $82.70. 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 capitalization of $3.00 billion, a PE ratio of 22.63 and a beta of 1.05. The firm's 50-day moving average price is $73.33 and its two-hundred day moving average price is $69.26.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. On average, research analysts expect that Bank of Hawaii will post 3.54 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.72%. Bank of Hawaii's dividend payout ratio (DPR) is 84.08%.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the business'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 sale, the insider now directly owns 13,717 shares of the company's stock, valued at $991,327.59. The trade was a 8.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.11% of the stock is owned by corporate insiders.

Institutional Trading of Bank of Hawaii

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bank of Hawaii in the 2nd quarter valued at about $106,000. Point72 DIFC Ltd bought a new position in Bank of Hawaii during the second quarter worth about $119,000. KBC Group NV increased its position in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $139,000 after buying an additional 812 shares during the last quarter. UMB Bank n.a. raised its stake in Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank's stock valued at $169,000 after buying an additional 2,644 shares during the period. Finally, Trust Point Inc. bought a new stake in Bank of Hawaii in the fourth quarter valued at approximately $204,000. Institutional investors 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.