Bank of Hawaii (NYSE:BOH) Earns Overweight Rating from Analysts at Stephens

Analysts at Stephens began coverage on shares of Bank of Hawaii (NYSE:BOH) in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $90.00 price target on the bank’s stock. Stephens’ target price indicates a potential upside of 12.77% from the company’s current price.

A number of other equities research analysts also recently commented on BOH. DA Davidson lifted their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Barclays lifted their price objective on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price objective on shares of Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Piper Sandler raised their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $69.00.

Bank of Hawaii Trading Down 0.9 %

Shares of Bank of Hawaii stock opened at $79.81 on Wednesday. The firm’s 50 day simple moving average is $69.50 and its two-hundred day simple moving average is $64.40. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 5.29 and a beta of 1.03. Bank of Hawaii has a 12-month low of $54.50 and a 12-month high of $82.70. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

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

Insider Activity at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares in the company, valued at $991,327.59. The trade was a 8.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.47% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds have recently bought and sold shares of BOH. Russell Investments Group Ltd. raised its stake in shares of Bank of Hawaii by 41.3% during the 1st quarter. Russell Investments Group Ltd. now owns 8,776 shares of the bank’s stock worth $548,000 after buying an additional 2,566 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Bank of Hawaii by 6.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 39,255 shares of the bank’s stock valued at $2,447,000 after purchasing an additional 2,465 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Bank of Hawaii by 4.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank’s stock valued at $2,052,000 after purchasing an additional 1,398 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Bank of Hawaii during the first quarter worth about $283,000. Finally, Tidal Investments LLC acquired a new position in shares of Bank of Hawaii during the 1st quarter worth about $832,000. 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.