Bank of Hawaii Co. (NYSE:BOH) Receives $71.83 Average Target Price from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $73.00.

BOH has been the subject of several recent analyst reports. Barclays raised their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. DA Davidson lifted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler upped their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Finally, Stephens initiated coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company.

Bank of Hawaii Trading Down 0.3 %

Shares of BOH stock opened at $74.52 on Monday. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The firm has a market capitalization of $2.96 billion, a PE ratio of 21.54 and a beta of 1.05. The stock has a fifty day moving average of $73.08 and a two-hundred day moving average of $69.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. As a group, research analysts expect that Bank of Hawaii will post 3.77 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 3.76%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Insider Activity

In other news, insider Taryn L. Salmon sold 449 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now directly owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This represents a 4.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.11% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bank of Hawaii in the 2nd quarter valued at $106,000. Point72 DIFC Ltd bought a new position in Bank of Hawaii during the 2nd quarter valued at about $119,000. KBC Group NV grew its stake 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. increased its holdings in shares of Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after buying an additional 2,644 shares in the last quarter. Finally, Trust Point Inc. bought a new position in shares of Bank of Hawaii in the fourth quarter valued at approximately $204,000. 82.18% of the stock is currently owned by institutional investors.

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.