Bank of Hawaii (NYSE:BOH) Price Target Raised to $86.00
by Michael Walen · The Markets DailyBank of Hawaii (NYSE:BOH – Free Report) had its price objective lifted by Barclays from $83.00 to $86.00 in a research report report published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the bank’s stock.
BOH has been the topic of a number of other reports. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Piper Sandler dropped their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Zacks Research raised Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods raised Bank of Hawaii from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $75.00 to $91.00 in a research report on Tuesday, January 27th. Finally, Stephens reaffirmed an “overweight” rating on shares of Bank of Hawaii in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Bank of Hawaii presently has an average rating of “Hold” and an average target price of $83.80.
Check Out Our Latest Research Report on Bank of Hawaii
Bank of Hawaii Trading Up 1.7%
Shares of BOH opened at $79.56 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.16 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 0.73 and a beta of 0.72. The stock’s fifty day simple moving average is $75.84 and its 200 day simple moving average is $70.19. Bank of Hawaii has a twelve month low of $58.86 and a twelve month high of $80.61.
Bank of Hawaii (NYSE:BOH – Get Free Report) last issued its earnings results on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.14. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.The business had revenue of $189.65 million for the quarter, compared to analyst estimates of $184.83 million. During the same period last year, the company posted $0.85 EPS. On average, equities research analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current year.
Bank of Hawaii Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, February 27th. Bank of Hawaii’s payout ratio is presently 60.61%.
Hedge Funds Weigh In On Bank of Hawaii
A number of hedge funds and other institutional investors have recently bought and sold shares of BOH. Vanguard Group Inc. boosted its position in shares of Bank of Hawaii by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock worth $312,139,000 after buying an additional 26,821 shares during the period. Dimensional Fund Advisors LP lifted its position in Bank of Hawaii by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,517 shares of the bank’s stock worth $74,149,000 after purchasing an additional 35,065 shares during the period. Balyasny Asset Management L.P. lifted its position in Bank of Hawaii by 122.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock worth $66,464,000 after purchasing an additional 557,148 shares during the period. Goldman Sachs Group Inc. lifted its position in Bank of Hawaii by 36.2% in the fourth 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. lifted its position in Bank of Hawaii by 0.3% in the third 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.