Bank of Hawaii (NYSE:BOH) Stock Price Target Lowered at Stephens

Bank of Hawaii (NYSE:BOH – Get Free Report) had its price objective lowered by research analysts at Stephens from $82.00 to $76.00 in a report released on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Stephens‘s price target suggests a potential upside of 6.35% from the company’s previous close.

Several other research firms also recently weighed in on BOH. Piper Sandler decreased their price objective on Bank of Hawaii from $85.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Weiss Ratings cut shares of Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Benchmark reissued a “hold” rating on shares of Bank of Hawaii in a research report on Tuesday, July 28th. DA Davidson reissued a “neutral” rating and set a $75.00 target price on shares of Bank of Hawaii in a research report on Tuesday, October 27th. Finally, Barclays reduced their price target on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Bank of Hawaii has an average rating of “Hold” and a consensus price target of $78.40.

Check Out Our Latest Analysis on Bank of Hawaii

Bank of Hawaii Stock Up 2.4%

NYSE BOH traded up $1.69 on Monday, reaching $71.46. 78,088 shares of the stock traded hands, compared to its average volume of 411,636. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average price of $71.85 and a 200-day moving average price of $76.31. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.85 and a beta of 0.72. Bank of Hawaii has a 12 month low of $62.54 and a 12 month high of $86.31.

Bank of Hawaii (NYSE:BOH – Get Free Report) last issued its earnings results on Monday, October 26th. The bank reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). Bank of Hawaii had a return on equity of 16.35% and a net margin of 22.89%. The firm had revenue of $198.76 million during the quarter, compared to analysts’ expectations of $202.59 million. During the same quarter in the prior year, the company posted $1.20 earnings per share. As a group, research analysts forecast that Bank of Hawaii will post 5.86 EPS for the current fiscal year.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Marco Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total value of $199,161.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.97% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Diversify Advisory Services LLC purchased a new stake in shares of Bank of Hawaii during the third quarter valued at $358,000. TD Waterhouse Canada Inc. acquired a new stake in Bank of Hawaii during the 3rd quarter worth about $27,000. GAMMA Investing LLC grew its stake in Bank of Hawaii by 100.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,363 shares of the bank’s stock valued at $507,000 after purchasing an additional 3,696 shares during the last quarter. Congress Asset Management Co. grew its stake in Bank of Hawaii by 22.1% during the 3rd quarter. Congress Asset Management Co. now owns 194,081 shares of the bank’s stock valued at $13,376,000 after purchasing an additional 35,106 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Bank of Hawaii in the second quarter valued at about $278,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Company Profile

(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.

Further Reading

Analyst Recommendations for Bank of Hawaii (NYSE:BOH)

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