Bank of Hawaii (NYSE:BOH) Stock Price Expected to Rise, Barclays Analyst Says

Bank of Hawaii (NYSE:BOH) had its price target upped by research analysts at Barclays from $83.00 to $86.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Barclays‘s target price would suggest a potential upside of 11.73% from the stock’s previous close.

BOH has been the topic of a number of other reports. Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. Keefe, Bruyette & Woods raised Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price target for the company from $75.00 to $91.00 in a report on Tuesday, January 27th. Zacks Research raised Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Piper Sandler lowered their price target on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Hawaii has a consensus rating of “Moderate Buy” and an average target price of $83.80.

Bank of Hawaii Stock Performance

BOH stock traded up $0.73 during mid-day trading on Tuesday, reaching $76.97. The company had a trading volume of 107,843 shares, compared to its average volume of 424,958. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.06 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.76 and a beta of 0.72. Bank of Hawaii has a one year low of $57.44 and a one year high of $80.61. The stock’s 50-day simple moving average is $75.64 and its two-hundred day simple moving average is $70.00.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. The company had revenue of $189.65 million for the quarter, compared to analyst estimates of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same period last year, the company earned $0.85 earnings per share. Research analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BOH. Royal Bank of Canada grew its holdings in Bank of Hawaii by 16.4% during the first quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock worth $1,808,000 after acquiring an additional 3,689 shares during the period. AQR Capital Management LLC grew its holdings in Bank of Hawaii by 177.5% during the first quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock worth $1,617,000 after acquiring an additional 15,234 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Bank of Hawaii by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock worth $1,605,000 after acquiring an additional 1,027 shares during the period. Intech Investment Management LLC grew its holdings in Bank of Hawaii by 35.8% during the first quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock worth $1,366,000 after acquiring an additional 5,227 shares during the period. Finally, Strs Ohio acquired a new position in Bank of Hawaii during the first quarter worth about $41,000. 82.18% of the stock is 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.