Bank of Hawaii Co. (NYSE:BOH) Receives $73.00 Consensus Price Target from Analysts

Bank of Hawaii Co. (NYSE:BOH) has been assigned a consensus rating of “Reduce” from the six analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $73.00.

A number of research firms have recently commented on BOH. Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th. Stephens started coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Barclays lifted their target price on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, DA Davidson lifted their target price on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th.

Bank of Hawaii Trading Up 0.7 %

NYSE BOH opened at $71.46 on Friday. The firm has a market cap of $2.84 billion, a P/E ratio of 20.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The stock’s 50-day moving average is $71.87 and its 200-day moving average is $70.33. Bank of Hawaii has a one year low of $54.50 and a one year high of $82.70.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Sell-side analysts anticipate that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 3.92%. Bank of Hawaii’s dividend payout ratio is presently 80.92%.

Insider Buying and Selling at Bank of Hawaii

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the transaction, the chief accounting officer now owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the transaction, the insider now directly owns 9,880 shares of the company’s stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.47% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

A number of institutional investors have recently modified their holdings of the business. Perigon Wealth Management LLC raised its holdings in shares of Bank of Hawaii by 0.9% during the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock worth $1,168,000 after buying an additional 154 shares in the last quarter. Mariner LLC raised its holdings in shares of Bank of Hawaii by 1.7% during the 4th quarter. Mariner LLC now owns 9,076 shares of the bank’s stock worth $647,000 after buying an additional 154 shares in the last quarter. Cetera Investment Advisers grew its position in Bank of Hawaii by 3.7% during the 4th quarter. Cetera Investment Advisers now owns 4,457 shares of the bank’s stock worth $318,000 after acquiring an additional 158 shares during the last quarter. Glenmede Trust Co. NA grew its position in Bank of Hawaii by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock worth $396,000 after acquiring an additional 182 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Bank of Hawaii by 5.9% during the 4th quarter. Bank of Montreal Can now owns 4,592 shares of the bank’s stock worth $327,000 after acquiring an additional 254 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.