Bank of Hawaii Corporation (NYSE:BOH) Stock Has Consensus Price Target of $85.00 According to Analysts

by · The Markets Daily

Bank of Hawaii Corporation (NYSE:BOH – Get Free Report) has received a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $85.00.

Several research analysts recently weighed in on BOH shares. Barclays cut their target price on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Stephens cut shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research note on Thursday, August 6th. DA Davidson lifted their price target on shares of Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods cut their price objective on shares of Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Hawaii in a research report on Friday, July 24th.

Read Our Latest Stock Analysis on Bank of Hawaii

Insiders Place Their Bets

In other Bank of Hawaii news, insider Marco Abbruzzese sold 2,441 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total transaction of $199,161.19. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.97% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently made changes to their positions in BOH. Engineers Gate Manager LP acquired a new position in Bank of Hawaii in the second quarter valued at $278,000. Integrated Wealth Concepts LLC acquired a new stake in Bank of Hawaii in the 2nd quarter worth about $175,000. Nykredit A S acquired a new stake in Bank of Hawaii in the 2nd quarter worth about $224,000. Corient Private Wealth LP grew its holdings in Bank of Hawaii by 13.0% in the 2nd quarter. Corient Private Wealth LP now owns 68,704 shares of the bank’s stock valued at $5,599,000 after buying an additional 7,896 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Bank of Hawaii in the 2nd quarter valued at about $212,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $71.18 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a fifty day moving average of $78.05 and a two-hundred day moving average of $77.88. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.81 and a beta of 0.70. Bank of Hawaii has a fifty-two week low of $59.36 and a fifty-two week high of $86.31.

Bank of Hawaii (NYSE:BOH – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01. The business had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.During the same period in the prior year, the business earned $1.06 earnings per share. On average, analysts anticipate that Bank of Hawaii will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.70 dividend. The ex-dividend date was Monday, August 31st. This represents a $2.80 annualized dividend and a yield of 3.9%. Bank of Hawaii’s payout ratio is 52.24%.

Bank of Hawaii Company Profile

(Get Free Report)

Bank of Hawaii Corporation is a regional financial services company headquartered in Honolulu, Hawaii. Through its principal subsidiary, Bank of Hawaii, the company provides banking and financial services to individuals, businesses, government entities and institutional customers.

The bank offers deposit accounts, consumer and commercial loans, residential and commercial mortgages, credit cards and treasury management services. It also provides wealth management, trust, investment management and brokerage services, along with other financial products designed for personal and business customers.

Founded in 1897, Bank of Hawaii has a long history of serving the Pacific region.

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