Piper Sandler Boosts Bank of Hawaii (NYSE:BOH) Price Target to $66.00

Bank of Hawaii (NYSE:BOH) had its target price boosted by Piper Sandler from $61.00 to $66.00 in a report issued on Tuesday, Benzinga reports. They currently have an underweight rating on the bank’s stock.

A number of other equities analysts have also commented on BOH. DA Davidson raised their price objective on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $60.00 to $67.00 in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group raised their price objective on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.80.

Bank of Hawaii Trading Up 0.6 %

Bank of Hawaii stock opened at $72.78 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 7.30 and a beta of 1.05. Bank of Hawaii has a 1 year low of $48.83 and a 1 year high of $75.19. The firm’s 50 day moving average price is $65.15 and its two-hundred day moving average price is $61.92.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. During the same quarter in the previous year, the business posted $1.17 earnings per share. On average, research analysts predict that Bank of Hawaii will post 3.4 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 84.08%.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $106,000. Point72 DIFC Ltd acquired a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $119,000. UMB Bank n.a. boosted its stake in shares of Bank of Hawaii by 5,508.3% during the 3rd 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 period. Rothschild Investment LLC acquired a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $172,000. Finally, Cadinha & Co. LLC acquired a new stake in shares of Bank of Hawaii during the 3rd quarter valued at $218,000. Institutional investors and hedge funds 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.