Bank of Hawaii (NYSE:BOH) Price Target Raised to $82.00
by Tristan Rich · The Markets DailyBank of Hawaii (NYSE:BOH – Free Report) had its price target hoisted by DA Davidson from $77.00 to $82.00 in a research report report published on Tuesday,Benzinga reports. DA Davidson currently has a neutral rating on the bank’s stock.
A number of other research firms also recently commented on BOH. Weiss Ratings raised Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Piper Sandler dropped their price target on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Wall Street Zen upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Keefe, Bruyette & Woods raised their price target on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and a consensus target price of $85.40.
Get Our Latest Stock Analysis on BOH
Bank of Hawaii Price Performance
Bank of Hawaii stock opened at $78.00 on Tuesday. Bank of Hawaii has a one year low of $59.36 and a one year high of $82.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.69. The business has a fifty day moving average of $76.20 and a two-hundred day moving average of $71.11. The company has a market cap of $3.10 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 0.73 and a beta of 0.72.
Bank of Hawaii (NYSE:BOH – Get Free Report) last released its earnings results on Monday, April 20th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. The business had revenue of $192.32 million during the quarter, compared to analyst estimates of $193.53 million. During the same period last year, the business posted $0.97 EPS. As a group, analysts predict that Bank of Hawaii will post 5.86 earnings per share for the current fiscal year.
Bank of Hawaii Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $0.70 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 56.57%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in shares of Bank of Hawaii in the first quarter valued at $1,307,000. Hsbc Holdings PLC purchased a new stake in Bank of Hawaii during the 4th quarter worth about $6,164,000. Corient Private Wealth LLC increased its position in Bank of Hawaii by 10.2% during the 4th quarter. Corient Private Wealth LLC now owns 33,157 shares of the bank’s stock worth $2,269,000 after purchasing an additional 3,061 shares in the last quarter. SHP Wealth Management purchased a new stake in Bank of Hawaii during the 4th quarter worth about $34,000. Finally, Mercer Global Advisors Inc. ADV increased its position in Bank of Hawaii by 36.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,409 shares of the bank’s stock worth $575,000 after purchasing an additional 2,243 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.
Bank of Hawaii Company Profile
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.