Bank of Hawaii (NYSE:BOH) Stock Gets Price Target Reduction from Stephens

Bank of Hawaii (NYSE:BOH) had its price target cut by Stephens from $82.00 to $76.00 in a research report report published on Monday,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

A number of other research analysts have also weighed in on BOH. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. Piper Sandler decreased their price target 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 downgraded Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Barclays lowered their price target on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods cut Bank of Hawaii from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $85.00 to $78.00 in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.40.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $71.23 on Monday. Bank of Hawaii has a fifty-two week low of $62.54 and a fifty-two week high of $86.31. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.85 and a beta of 0.72. 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 firm’s 50-day simple moving average is $71.48 and its 200 day simple moving average is $76.31.

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

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, November 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, November 30th. Bank of Hawaii’s payout ratio is presently 49.56%.

Institutional Trading of Bank of Hawaii

A number of institutional investors and hedge funds have recently modified their holdings of BOH. TD Waterhouse Canada Inc. purchased a new stake in shares of Bank of Hawaii during the 3rd quarter worth approximately $27,000. Freestone Grove Partners LP purchased a new position in Bank of Hawaii in the second quarter valued at approximately $32,000. Western Wealth Management LLC purchased a new position in Bank of Hawaii in the first quarter valued at approximately $33,000. Global Retirement Partners LLC bought a new position in Bank of Hawaii during the second quarter valued at $34,000. Finally, Public Employees Retirement System of Ohio bought a new position in Bank of Hawaii during the second quarter valued at $51,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Company Profile

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.