Bank of Hawaii’s (BOH) “Neutral” Rating Reiterated at DA Davidson

Bank of Hawaii (NYSE:BOH – Get Free Report)‘s stock had its “neutral” rating restated by stock analysts at DA Davidson in a note issued to investors on Tuesday, Benzinga reports. They currently have a $75.00 price target on the bank’s stock. DA Davidson‘s price objective would suggest a potential upside of 6.90% from the company’s current price.

BOH has been the topic of a number of other research reports. Weiss Ratings cut Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, October 19th. Stephens cut Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research report on Thursday, August 6th. Keefe, Bruyette & Woods cut Bank of Hawaii from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $85.00 to $78.00 in a research report on Tuesday. Barclays decreased their target price on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th. Finally, Benchmark reiterated a “hold” rating on shares of Bank of Hawaii in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $80.20.

Read Our Latest Stock Analysis on BOH

Bank of Hawaii Price Performance

Shares of NYSE BOH traded down $0.37 during mid-day trading on Tuesday, reaching $70.16. The company had a trading volume of 527,377 shares, compared to its average volume of 414,727. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii has a one year low of $62.54 and a one year high of $86.31. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.86 and a beta of 0.72. The business’s 50-day simple moving average is $72.53 and its 200 day simple moving average is $76.32.

Bank of Hawaii (NYSE:BOH – Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The bank reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%. The company had revenue of $198.76 million during the quarter, compared to the consensus estimate of $202.60 million. During the same quarter in the previous year, the business posted $1.20 EPS. On average, research analysts predict that Bank of Hawaii will post 5.88 earnings per share for the current fiscal year.

Insider Activity at Bank of Hawaii

In other news, insider Marco Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total transaction of $199,161.19. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.97% of the company’s stock.

Institutional Trading of Bank of Hawaii

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Bank of Hawaii during the second quarter valued at about $470,538,000. Dimensional Fund Advisors LP boosted its stake in shares of Bank of Hawaii by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,106,873 shares of the bank’s stock valued at $82,182,000 after purchasing an additional 22,356 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in shares of Bank of Hawaii during the second quarter valued at about $39,758,000. Bank of New York Mellon Corp acquired a new stake in shares of Bank of Hawaii during the second quarter valued at about $37,864,000. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Bank of Hawaii in the first quarter worth approximately $34,385,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Bank of Hawaii

Here are the key news stories impacting Bank of Hawaii this week:

  • Positive Sentiment: Bank of Hawaii expanded its share-repurchase authorization by $200 million, bringing available capacity to approximately $268.7 million, and plans to repurchase about $20 million of stock during the fourth quarter. Improving margins and strong liquidity support the bank’s capital-return strategy. BOH Expands Buyback Plan
  • Positive Sentiment: Third-quarter net income rose 20.5% year over year to $64.3 million, while earnings per share increased to $1.49 from $1.20 a year earlier. The bank also declared its regular $0.70 quarterly dividend, equal to $2.80 annually and an approximately 4% yield. Bank of Hawaii Third Quarter Financial Results
  • Positive Sentiment: A bullish Seeking Alpha analysis cited Bank of Hawaii’s insulated Hawaii market position, low-cost deposit base, strong 14.4% CET1 capital ratio and conservative real-estate lending as factors supporting resilient earnings and future upside. Bank of Hawaii Rate Tailwinds Support Upside
  • Neutral Sentiment: DA Davidson reaffirmed its “neutral” rating but set a $75 price target, above the recent trading level, signaling moderate potential upside without a bullish recommendation.
  • Negative Sentiment: BOH reported third-quarter EPS of $1.49 versus the $1.51 consensus estimate and revenue of $198.76 million versus expectations of roughly $202.6 million. The revenue and earnings shortfalls triggered the market’s negative reaction despite year-over-year profit growth. Bank of Hawaii Stock Tumbles on Earnings Miss
  • Negative Sentiment: Keefe, Bruyette & Woods downgraded Bank of Hawaii from “outperform” to “market perform” and lowered its price target from $85 to $78, reflecting more cautious expectations.
  • Negative Sentiment: Analysts also cited challenging earnings growth, deposit declines, rising borrowings, modest asset-quality deterioration and exposure to Hawaii’s concentrated economy and weather risks. The stock remains below its 50-day and 200-day moving averages.

About Bank of Hawaii

(Get Free Report)

Bank of Hawaii Corporation is the parent company of Bank of Hawaii, a regional financial institution headquartered in Honolulu. Founded in 1897, the bank provides banking and financial services to consumers, businesses, and government entities, with a primary focus on Hawaii and selected Pacific markets.

Its consumer banking business offers deposit accounts, residential and consumer lending, credit cards, online and mobile banking, and other personal financial products. Through its commercial banking operations, Bank of Hawaii provides business loans, commercial real estate financing, treasury management, payments, and deposit services to companies and institutions.

The company also provides wealth management, trust, investment management, and private banking services.

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Analyst Recommendations for Bank of Hawaii (NYSE:BOH)

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