Bank of Hawaii Co. (NYSE:BOH) Receives $71.83 Consensus PT from Brokerages

Bank of Hawaii Co. (NYSE:BOH) has been given an average rating of “Reduce” by the six brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $71.83.

Several analysts have issued reports on the company. DA Davidson upped their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note 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 note on Thursday, December 5th. Stephens initiated coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler lifted their price objective on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th.

Insiders Place Their Bets

In other news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now 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 legal filing with the SEC, which is available at this link. Insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

Several institutional investors and hedge funds have recently bought and sold shares of BOH. State Street Corp raised its stake in shares of Bank of Hawaii by 5.0% in the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock worth $140,897,000 after buying an additional 106,717 shares during the period. Victory Capital Management Inc. lifted its holdings in Bank of Hawaii by 13.1% during the second quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock valued at $93,533,000 after purchasing an additional 189,878 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bank of Hawaii by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock worth $94,872,000 after purchasing an additional 35,187 shares during the period. Geode Capital Management LLC increased its stake in shares of Bank of Hawaii by 1.2% in the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock worth $57,025,000 after purchasing an additional 10,357 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Bank of Hawaii by 14.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock valued at $45,167,000 after purchasing an additional 98,465 shares during the period. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $69.23 on Thursday. 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 firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 4.86 and a beta of 1.05. The company’s fifty day moving average price is $74.82 and its 200-day moving average price is $67.96.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The business had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same quarter last year, the business posted $1.17 earnings per share. On average, equities research analysts anticipate that Bank of Hawaii will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.80 annualized dividend and a yield of 4.04%. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

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.