Bank of Hawaii Corporation (NYSE:BOH) Receives $81.80 Average Price Target from Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $81.80.

Several research analysts have issued reports on the company. DA Davidson boosted their target price on Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, January 27th. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $91.00 in a research report on Tuesday, January 27th. Stephens restated an “overweight” rating on shares of Bank of Hawaii in a research note on Tuesday, January 27th. Finally, Barclays raised their target price on shares of Bank of Hawaii from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 27th.

Insider Activity at Bank of Hawaii

In related news, CEO Peter S. Ho sold 15,000 shares of Bank of Hawaii 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 completion of the sale, the chief executive officer directly owned 156,774 shares in the company, valued at $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its stake in shares of Bank of Hawaii by 1,736.0% during the third quarter. Federated Hermes Inc. now owns 35,380 shares of the bank’s stock valued at $2,322,000 after purchasing an additional 33,453 shares in the last quarter. Peterson Wealth Services raised its stake in Bank of Hawaii by 4,266.5% in the third quarter. Peterson Wealth Services now owns 17,466 shares of the bank’s stock worth $1,146,000 after buying an additional 17,066 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Bank of Hawaii during the second quarter worth $3,222,000. Public Sector Pension Investment Board lifted its holdings in Bank of Hawaii by 14.6% during the third quarter. Public Sector Pension Investment Board now owns 155,147 shares of the bank’s stock worth $10,184,000 after buying an additional 19,815 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in Bank of Hawaii during the 2nd quarter valued at $2,238,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

NYSE BOH opened at $75.70 on Monday. The business’s 50 day moving average price is $74.46 and its 200-day moving average price is $69.11. Bank of Hawaii has a fifty-two week low of $57.44 and a fifty-two week high of $80.61. The company has a market cap of $3.00 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.39 EPS for the quarter, topping the consensus estimate of $1.25 by $0.14. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The company had revenue of $189.65 million during the quarter, compared to analyst estimates of $184.83 million. During the same period in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

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

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.