Analysts Set Bank of Hawaii Co. (NYSE:BOH) Price Target at $72.67

Bank of Hawaii Co. (NYSE:BOH) has been assigned an average recommendation of “Reduce” from the six research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $72.67.

Several equities research analysts have recently weighed in on the company. Piper Sandler upped their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th. Barclays decreased their price target on Bank of Hawaii from $66.00 to $64.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Finally, DA Davidson lifted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the sale, the insider now owns 9,880 shares in the company, valued at approximately $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the transaction, the chief accounting officer now owns 9,173 shares in the company, valued at $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BOH. FMR LLC lifted its stake in Bank of Hawaii by 351.7% during the third quarter. FMR LLC now owns 36,309 shares of the bank’s stock worth $2,279,000 after purchasing an additional 28,271 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Bank of Hawaii in the 3rd quarter worth about $249,000. HighTower Advisors LLC boosted its holdings in shares of Bank of Hawaii by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 23,655 shares of the bank’s stock valued at $1,477,000 after buying an additional 789 shares during the period. Quantinno Capital Management LP grew its position in shares of Bank of Hawaii by 36.7% during the 3rd quarter. Quantinno Capital Management LP now owns 14,027 shares of the bank’s stock valued at $880,000 after buying an additional 3,764 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Bank of Hawaii by 1.2% during the third quarter. Stifel Financial Corp now owns 68,757 shares of the bank’s stock worth $4,316,000 after acquiring an additional 788 shares during the period. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Up 1.5 %

Shares of BOH stock opened at $64.30 on Friday. Bank of Hawaii has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The firm’s 50 day moving average price is $68.29 and its two-hundred day moving average price is $70.78. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 18.58 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 4.35%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 80.92%.

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.