Bank of Hawaii (NYSE:BOH) Price Target Raised to $83.00

Bank of Hawaii (NYSE:BOH) had its target price increased by Barclays from $75.00 to $83.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the bank’s stock.

Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $75.00 to $91.00 in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. Stephens reiterated an “overweight” rating on shares of Bank of Hawaii in a research note on Tuesday. Wall Street Zen lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Sunday, January 4th. Finally, DA Davidson boosted their price target on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $81.80.

Bank of Hawaii Trading Up 1.5%

NYSE BOH opened at $75.26 on Tuesday. Bank of Hawaii has a fifty-two week low of $57.44 and a fifty-two week high of $78.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day simple moving average of $69.61 and a two-hundred day simple moving average of $66.86. The stock has a market cap of $2.99 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.62 and a beta of 0.75.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. The firm had revenue of $189.65 million for the quarter, compared to the consensus estimate of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same quarter in the prior year, the business earned $0.85 EPS. On average, analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. Bank of Hawaii’s dividend payout ratio is 60.61%.

Insider Activity

In related news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the sale, the chief executive officer directly owned 156,774 shares in the company, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bank of Hawaii

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Bank of Hawaii by 150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after acquiring an additional 270 shares during the last quarter. Quarry LP lifted 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 worth $38,000 after purchasing an additional 539 shares during the last quarter. Strs Ohio purchased a new position in shares of Bank of Hawaii during the first quarter valued at approximately $41,000. EverSource Wealth Advisors LLC grew its stake in shares of Bank of Hawaii by 461.3% during the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after buying an additional 512 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of Bank of Hawaii by 8,220.0% in the second quarter. State of Wyoming now owns 832 shares of the bank’s stock worth $56,000 after buying an additional 822 shares during the period. Institutional investors own 82.18% of the company’s stock.

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.