Keefe, Bruyette & Woods Boosts Bank of Hawaii (NYSE:BOH) Price Target to $58.00

Bank of Hawaii (NYSE:BOH) had its price objective hoisted by analysts at Keefe, Bruyette & Woods from $55.00 to $58.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “underperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 1.13% from the company’s current price.

Several other research firms have also weighed in on BOH. Jefferies Financial Group dropped their price target on 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. StockNews.com raised Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Piper Sandler dropped their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Barclays assumed coverage on Bank of Hawaii in a research report on Friday, March 8th. They issued an “underweight” rating and a $51.00 target price on the stock. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Hawaii presently has an average rating of “Reduce” and an average price target of $52.20.

Bank of Hawaii Stock Up 0.8 %

NYSE:BOH opened at $58.66 on Tuesday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.12, a PEG 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. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average price is $60.37 and its 200 day moving average price is $60.80.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). The business had revenue of $252.64 million for the quarter, compared to analyst estimates of $160.79 million. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, sell-side analysts forecast that Bank of Hawaii will post 3.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. TFO Wealth Partners LLC increased its position in Bank of Hawaii by 9,660.0% in the 4th quarter. TFO Wealth Partners LLC now owns 488 shares of the bank’s stock worth $362,000 after purchasing an additional 483 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Bank of Hawaii during the 4th quarter worth about $41,000. Quest Partners LLC bought a new stake in shares of Bank of Hawaii during the 4th quarter worth about $41,000. Strs Ohio bought a new stake in shares of Bank of Hawaii during the 4th quarter worth about $50,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Bank of Hawaii during the 3rd quarter worth about $37,000. 82.18% of the stock is owned by institutional investors and hedge funds.

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.