Brokerages Set Bank of Hawaii Co. (NYSE:BOH) Price Target at $71.83

Bank of Hawaii Co. (NYSE:BOH) has earned a consensus recommendation of “Reduce” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $71.83.

Several equities research analysts have recently issued reports on the company. Piper Sandler lifted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Stephens initiated coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective on the stock. Keefe, Bruyette & Woods increased 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. DA Davidson boosted their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Barclays increased their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th.

Bank of Hawaii Trading Down 0.5 %

BOH stock opened at $69.23 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii has a 1-year low of $54.50 and a 1-year high of $82.70. The business has a 50 day simple moving average of $74.82 and a two-hundred day simple moving average of $67.96. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 4.86 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same period last year, the company posted $1.17 earnings per share. Research analysts anticipate that Bank of Hawaii will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

Insider Activity

In related news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares in the company, valued at approximately $991,327.59. This represents a 8.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Bank of Hawaii in the second quarter worth approximately $106,000. Point72 DIFC Ltd purchased a new stake in Bank of Hawaii in the second quarter worth $119,000. UMB Bank n.a. lifted its position in shares of Bank of Hawaii by 5,508.3% during 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 last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of Bank of Hawaii during the third quarter valued at $207,000. Finally, Cadinha & Co. LLC bought a new position in shares of Bank of Hawaii in the third quarter worth about $218,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

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.