DA Davidson Issues Positive Forecast for Bank of Hawaii (NYSE:BOH) Stock Price

Bank of Hawaii (NYSE:BOH) had its target price boosted by DA Davidson from $75.00 to $79.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 5.51% from the company’s current price.

A number of other equities analysts have also weighed in on BOH. Stephens began coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company. Barclays raised 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. Keefe, Bruyette & Woods raised 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. Finally, Piper Sandler raised their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Hold” and an average price target of $73.00.

Bank of Hawaii Stock Up 1.0 %

Shares of BOH traded up $0.73 during midday trading on Tuesday, hitting $74.88. 129,791 shares of the company’s stock traded hands, compared to its average volume of 424,207. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The firm’s fifty day moving average is $73.33 and its 200-day moving average is $69.26. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 22.48 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. As a group, sell-side analysts anticipate that Bank of Hawaii will post 3.54 earnings per share for the current year.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. This trade represents a 8.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Bank of Hawaii in the 2nd quarter worth approximately $106,000. KBC Group NV raised its position in shares of Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after buying an additional 812 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Bank of Hawaii during the 2nd quarter valued at approximately $119,000. UMB Bank n.a. raised its position in shares of Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after buying an additional 2,644 shares during the period. Finally, Choreo LLC purchased a new stake in shares of Bank of Hawaii during the 4th quarter valued at approximately $205,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

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.