Barclays Lowers Bank of Hawaii (NYSE:BOH) Price Target to $64.00

Bank of Hawaii (NYSE:BOH) had its target price decreased by stock analysts at Barclays from $66.00 to $64.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. Barclays‘s price target would suggest a potential upside of 6.93% from the stock’s previous close.

Several other brokerages have also recently issued reports on BOH. DA Davidson increased their target price on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Piper Sandler increased their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Bank of Hawaii presently has a consensus rating of “Hold” and an average target price of $72.67.

Bank of Hawaii Trading Down 1.7 %

Shares of NYSE:BOH traded down $1.02 during trading on Tuesday, reaching $59.85. 421,649 shares of the company were exchanged, compared to its average volume of 355,704. The business’s fifty day simple moving average is $70.61 and its 200-day simple moving average is $71.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii has a 12-month low of $54.50 and a 12-month high of $82.70. The firm has a market capitalization of $2.38 billion, a PE ratio of 17.33 and a beta of 0.87.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current year.

Insider Activity

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 9,173 shares in the company, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the completion of the sale, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in Bank of Hawaii by 1,087.5% during the 1st quarter. Parallel Advisors LLC now owns 2,185 shares of the bank’s stock worth $151,000 after purchasing an additional 2,001 shares during the period. GAMMA Investing LLC grew its holdings in Bank of Hawaii by 7,070.2% during the first quarter. GAMMA Investing LLC now owns 45,244 shares of the bank’s stock worth $3,120,000 after acquiring an additional 44,613 shares during the period. Versant Capital Management Inc raised its position in Bank of Hawaii by 80.2% during the first quarter. Versant Capital Management Inc now owns 391 shares of the bank’s stock valued at $27,000 after acquiring an additional 174 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Bank of Hawaii in the fourth quarter valued at approximately $224,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Bank of Hawaii in the 4th quarter worth approximately $49,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.