Bank of Hawaii (NYSE:BOH) PT Lowered to $50.00

Bank of Hawaii (NYSE:BOH) had its price target dropped by research analysts at Barclays from $51.00 to $50.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. Barclays‘s price objective indicates a potential downside of 14.76% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Piper Sandler reduced their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a report on Tuesday. Finally, StockNews.com raised Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $52.20.

Bank of Hawaii Trading Up 0.8 %

Shares of BOH stock opened at $58.66 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50-day moving average of $60.37 and a 200 day moving average of $60.80. The stock has a market capitalization of $2.33 billion, a PE ratio of 15.12, a P/E/G ratio of 1.96 and a beta of 1.06. Bank of Hawaii has a 1-year low of $30.83 and a 1-year high of $75.19.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The company had revenue of $252.64 million for the quarter, compared to analysts’ expectations of $160.79 million. During the same period last year, the company posted $1.14 EPS. As a group, sell-side analysts anticipate that Bank of Hawaii will post 3.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BOH. Vanguard Group Inc. lifted its stake in Bank of Hawaii by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock valued at $336,946,000 after acquiring an additional 87,919 shares during the period. Victory Capital Management Inc. increased its position in shares of Bank of Hawaii by 28.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock valued at $131,789,000 after purchasing an additional 590,492 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Bank of Hawaii by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,142,123 shares of the bank’s stock worth $82,758,000 after purchasing an additional 24,031 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Bank of Hawaii by 0.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 508,933 shares of the bank’s stock worth $36,877,000 after purchasing an additional 2,495 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Bank of Hawaii by 105.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock worth $32,718,000 after buying an additional 231,909 shares during the last quarter. 82.18% of the stock is 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.