Bank of Hawaii Corporation (NYSE:BOH) Receives $85.40 Consensus Target Price from Analysts

Bank of Hawaii Corporation (NYSE:BOH) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $85.40.

BOH has been the topic of several research reports. Stephens raised their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. DA Davidson lifted their price objective on Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Barclays lifted their price objective on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Zacks Research downgraded shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st.

Bank of Hawaii Stock Down 0.2%

Bank of Hawaii stock opened at $80.13 on Wednesday. The stock’s fifty day moving average is $77.78 and its two-hundred day moving average is $74.44. The stock has a market cap of $3.17 billion, a PE ratio of 16.19, a P/E/G ratio of 0.84 and a beta of 0.71. Bank of Hawaii has a 1-year low of $59.36 and a 1-year high of $82.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). The firm had revenue of $192.32 million for the quarter, compared to analysts’ expectations of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same period in the previous year, the business posted $0.97 EPS. On average, sell-side analysts expect that Bank of Hawaii will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, May 29th. Bank of Hawaii’s payout ratio is currently 56.57%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Bank of Hawaii by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock worth $312,139,000 after acquiring an additional 26,821 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Bank of Hawaii by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,106,873 shares of the bank’s stock valued at $82,182,000 after buying an additional 22,356 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Bank of Hawaii by 122.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after buying an additional 557,148 shares during the period. Goldman Sachs Group Inc. boosted its position in Bank of Hawaii by 36.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock worth $59,166,000 after purchasing an additional 229,806 shares during the period. Finally, American Century Companies Inc. boosted its position in Bank of Hawaii by 0.3% during the 3rd quarter. American Century Companies Inc. now owns 655,639 shares of the bank’s stock worth $43,036,000 after purchasing an additional 2,175 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

About Bank of Hawaii

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.