Keefe, Bruyette & Woods Increases Bank of Hawaii (NYSE:BOH) Price Target to $58.00

Bank of Hawaii (NYSE:BOH) had its price target increased by Keefe, Bruyette & Woods from $55.00 to $58.00 in a report released on Tuesday, Benzinga reports. They currently have an underperform rating on the bank’s stock.

BOH has been the topic of a number of other research reports. Jefferies Financial Group decreased their price target on shares of Bank of Hawaii from $67.00 to $62.00 and set a hold rating on the stock in a report on Monday, April 8th. Barclays assumed coverage on shares of Bank of Hawaii in a report on Friday, March 8th. They issued an underweight rating and a $51.00 price target on the stock. StockNews.com raised shares of Bank of Hawaii to a sell rating in a report on Thursday, January 25th. Finally, Piper Sandler decreased their price target on shares of Bank of Hawaii from $65.00 to $60.00 and set a neutral rating on the stock in a report on Tuesday. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Reduce and a consensus price target of $52.20.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $58.60 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. Bank of Hawaii has a 12 month low of $30.83 and a 12 month high of $75.19. The stock has a market cap of $2.33 billion, a P/E ratio of 15.10, a P/E/G ratio of 2.04 and a beta of 1.06. The company has a 50 day moving average of $60.22 and a 200 day moving average of $60.85.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Friday, April 26th. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. During the same period in the previous year, the company earned $1.14 EPS. As a group, sell-side analysts forecast that Bank of Hawaii will post 3.6 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

Hedge Funds Weigh In On Bank of Hawaii

Several institutional investors and hedge funds have recently made changes to their positions in BOH. AE Wealth Management LLC purchased a new stake in Bank of Hawaii during the 3rd quarter valued at $225,000. IFP Advisors Inc purchased a new stake in Bank of Hawaii during the 3rd quarter valued at $39,000. SG Americas Securities LLC boosted its position in Bank of Hawaii by 26.0% during the 3rd quarter. SG Americas Securities LLC now owns 39,616 shares of the bank’s stock valued at $1,969,000 after buying an additional 8,166 shares during the period. Everence Capital Management Inc. purchased a new stake in Bank of Hawaii during the 3rd quarter valued at $270,000. Finally, DAVENPORT & Co LLC boosted its position in Bank of Hawaii by 2.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 19,933 shares of the bank’s stock valued at $990,000 after buying an additional 422 shares during the period. Institutional investors own 82.18% of the company’s stock.

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.