Bank of Hawaii Corporation (NYSE:BOH) Receives $85.40 Consensus Price Target from Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has earned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $85.40.

BOH has been the topic of several research analyst reports. Barclays lifted their price target on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Weiss Ratings raised Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Stephens raised their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Piper Sandler decreased their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th.

Bank of Hawaii Stock Up 0.3%

BOH opened at $79.11 on Wednesday. Bank of Hawaii has a 12 month low of $59.36 and a 12 month high of $82.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $3.13 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.83 and a beta of 0.71. The stock’s 50 day moving average price is $77.94 and its 200 day moving average price is $74.62.

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

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 56.57%.

Institutional Trading of Bank of Hawaii

Institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. boosted its position in Bank of Hawaii by 157.0% during the third quarter. Jefferies Financial Group Inc. now owns 27,283 shares of the bank’s stock valued at $1,791,000 after purchasing an additional 16,665 shares during the last quarter. Marble Harbor Investment Counsel LLC boosted its position in Bank of Hawaii by 14.3% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 112,199 shares of the bank’s stock valued at $7,671,000 after purchasing an additional 14,075 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Bank of Hawaii by 14.6% during the third quarter. Public Sector Pension Investment Board now owns 155,147 shares of the bank’s stock valued at $10,184,000 after purchasing an additional 19,815 shares during the last quarter. Numerai GP LLC acquired a new stake in Bank of Hawaii during the third quarter valued at $5,893,000. Finally, Tudor Investment Corp ET AL boosted its position in Bank of Hawaii by 33.6% during the third quarter. Tudor Investment Corp ET AL now owns 105,845 shares of the bank’s stock valued at $6,948,000 after purchasing an additional 26,634 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

About Bank of Hawaii

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.