Bank of Hawaii Co. (NYSE:BOH) Receives Consensus Rating of “Reduce” from Brokerages

Bank of Hawaii Co. (NYSE:BOH) has been given an average recommendation of “Reduce” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $60.40.

A number of equities analysts have commented on BOH shares. DA Davidson lifted their price target on Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group upped their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $60.00 to $67.00 in a report on Wednesday, October 2nd. Finally, Piper Sandler downgraded shares of Bank of Hawaii from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $70.00 to $61.00 in a research note on Monday, August 12th.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bank of Hawaii in the second quarter worth about $106,000. Point72 DIFC Ltd bought a new stake in shares of Bank of Hawaii during the second quarter valued at approximately $119,000. UMB Bank n.a. grew its stake in Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after purchasing an additional 2,644 shares during the period. Rothschild Investment LLC purchased a new stake in Bank of Hawaii in the second quarter worth $172,000. Finally, Bridges Investment Management Inc. purchased a new position in Bank of Hawaii during the second quarter valued at $205,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Down 1.0 %

BOH opened at $66.03 on Friday. Bank of Hawaii has a 12 month low of $47.15 and a 12 month high of $75.19. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $64.85 and its 200-day moving average price is $61.70. The company has a market cap of $2.62 billion, a P/E ratio of 17.02, a P/E/G ratio of 7.22 and a beta of 1.05.

Bank of Hawaii Company Profile

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.