Bank of Hawaii (NYSE:BOH) Now Covered by Analysts at Stephens

Stephens began coverage on shares of Bank of Hawaii (NYSE:BOH) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $90.00 target price on the bank’s stock.

Other analysts also recently issued research reports about the stock. Barclays lifted their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. DA Davidson upped their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Piper Sandler increased their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods boosted 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 research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Bank of Hawaii has an average rating of “Hold” and a consensus price target of $69.00.

Bank of Hawaii Trading Down 0.8 %

BOH stock opened at $78.98 on Wednesday. Bank of Hawaii has a twelve month low of $54.50 and a twelve month high of $82.70. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 5.28 and a beta of 1.03. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $70.39 and its two-hundred day simple moving average is $64.76.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $265.76 million during the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, analysts anticipate that Bank of Hawaii will post 3.52 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, November 29th. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Insider Activity

In other news, insider Matthew Emerson sold 1,355 shares of the company’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 transaction, the insider now owns 13,717 shares in the company, valued at $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.11% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bank of Hawaii during the 2nd quarter valued at about $106,000. Point72 DIFC Ltd acquired a new stake in shares of Bank of Hawaii during the second quarter worth about $119,000. UMB Bank n.a. boosted its position 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 last quarter. Rothschild Investment LLC purchased a new stake in Bank of Hawaii in the second quarter valued at approximately $172,000. Finally, Bridges Investment Management Inc. acquired a new position in Bank of Hawaii in the 2nd quarter worth approximately $205,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

About Bank of Hawaii

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.