Bank of Hawaii Co. (NYSE:BOH) Receives $57.50 Consensus Price Target from Analysts

Bank of Hawaii Co. (NYSE:BOHGet Free Report) has been given an average recommendation of “Reduce” by the four analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $57.50.

Several research analysts recently issued reports on the company. Jefferies Financial Group cut their price objective on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Barclays cut their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, April 23rd. StockNews.com raised Bank of Hawaii to a “sell” rating in a research report on Thursday, May 30th. Piper Sandler decreased their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday, April 23rd.

Read Our Latest Stock Analysis on BOH

Institutional Trading of Bank of Hawaii

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Bank of Hawaii by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock worth $336,946,000 after purchasing an additional 87,919 shares during the period. Charles Schwab Investment Management Inc. grew its position in Bank of Hawaii by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,142,123 shares of the bank’s stock valued at $82,758,000 after buying an additional 24,031 shares in the last quarter. Swedbank AB bought a new position in shares of Bank of Hawaii in the first quarter valued at approximately $43,673,000. Massachusetts Financial Services Co. MA boosted its stake in Bank of Hawaii by 0.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 508,933 shares of the bank’s stock valued at $36,877,000 after purchasing an additional 2,495 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Bank of Hawaii by 105.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock valued at $32,718,000 after buying an additional 231,909 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Trading Down 0.8 %

Shares of BOH opened at $56.01 on Friday. Bank of Hawaii has a twelve month low of $39.02 and a twelve month high of $75.19. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.22 billion, a P/E ratio of 14.44 and a beta of 1.07. The firm’s 50-day moving average is $57.74 and its two-hundred day moving average is $62.16.

Bank of Hawaii (NYSE:BOHGet Free Report) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The firm had revenue of $252.64 million during the quarter, compared to analyst estimates of $160.79 million. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. During the same quarter in the prior year, the company earned $1.14 EPS. On average, research analysts predict that Bank of Hawaii will post 3.47 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, May 31st. Bank of Hawaii’s payout ratio is currently 72.16%.

Bank of Hawaii Company Profile

(Get Free Report

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.

Featured Articles

Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.