Analysts Set Bank of Hawaii Corporation (NYSE:BOH) PT at $85.40

Bank of Hawaii Corporation (NYSE:BOH) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $85.40.

Several analysts have recently weighed in on the company. Wall Street Zen lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings upgraded Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. DA Davidson upped their price objective on Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Barclays upped their price objective on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently modified their holdings of the stock. Danske Bank A S acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth $27,000. Western Wealth Management LLC acquired a new position in Bank of Hawaii during the first quarter valued at $33,000. SHP Wealth Management acquired a new position in Bank of Hawaii during the fourth quarter valued at $34,000. Quarry LP grew its stake in Bank of Hawaii by 1,497.2% in the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after purchasing an additional 539 shares in the last quarter. Finally, Strs Ohio purchased a new position in Bank of Hawaii in the first quarter valued at about $41,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $77.93 on Friday. Bank of Hawaii has a fifty-two week low of $59.36 and a fifty-two week high of $82.74. The firm’s 50-day simple moving average is $76.49 and its 200 day simple moving average is $73.10. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.09 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.82 and a beta of 0.73.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). The firm had revenue of $192.32 million during the quarter, compared to analyst estimates of $193.53 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same quarter last year, the company earned $0.97 EPS. Equities analysts expect that Bank of Hawaii will post 5.91 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Hawaii’s payout ratio is 56.57%.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.