Bank of Hawaii (NYSE:BOH) Price Target Raised to $79.00

Bank of Hawaii (NYSE:BOH) had its price target upped by stock analysts at DA Davidson from $75.00 to $79.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. DA Davidson’s price target points to a potential upside of 5.51% from the stock’s current price.

A number of other analysts have also commented on BOH. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens started coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price for the company. Barclays raised their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Piper Sandler raised their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday. Three research 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.00.

Bank of Hawaii Stock Up 1.0 %

Shares of Bank of Hawaii stock traded up $0.73 on Tuesday, reaching $74.88. 129,791 shares of the company were exchanged, compared to its average volume of 424,207. Bank of Hawaii has a one year low of $54.50 and a one year high of $82.70. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 22.48 and a beta of 1.05. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $73.33 and a 200 day moving average of $69.26.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. On average, equities research analysts forecast that Bank of Hawaii will post 3.54 earnings per share for the current year.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the sale, the insider now owns 13,717 shares in the company, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BOH. State Street Corp boosted its stake in Bank of Hawaii by 5.0% during the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after purchasing an additional 106,717 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 last quarter. Geode Capital Management LLC increased its holdings 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 during the last quarter. International Assets Investment Management LLC bought a new stake in Bank of Hawaii during the third quarter worth approximately $70,960,000. Finally, Barclays PLC boosted its position in shares of Bank of Hawaii by 91.2% during the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after buying an additional 44,599 shares during the period. Institutional investors own 82.18% of the company’s stock.

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.