Bank of Hawaii (NYSE:BOH) Price Target Increased to $58.00 by Analysts at Keefe, Bruyette & Woods

Bank of Hawaii (NYSE:BOH) had its target price lifted by Keefe, Bruyette & Woods from $55.00 to $58.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an underperform rating on the bank’s stock.

A number of other equities research analysts have also recently issued reports on the company. StockNews.com upgraded Bank of Hawaii to a sell rating in a report on Thursday, January 25th. Barclays started coverage on Bank of Hawaii in a report on Friday, March 8th. They set an underweight rating and a $51.00 price objective for the company. Jefferies Financial Group reduced their price objective on Bank of Hawaii from $67.00 to $62.00 and set a hold rating for the company in a report on Monday, April 8th. Finally, Piper Sandler reduced their price objective on Bank of Hawaii from $65.00 to $60.00 and set a neutral rating for the company in a report on Tuesday. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Reduce and an average target price of $52.20.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $58.20 on Tuesday. The business’s 50 day moving average price is $60.41 and its two-hundred day moving average price is $60.81. The company has a market cap of $2.31 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. Bank of Hawaii has a twelve month low of $30.83 and a twelve month high of $75.19.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The firm had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, analysts predict that Bank of Hawaii will post 3.72 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, May 31st. Bank of Hawaii’s dividend payout ratio (DPR) is currently 72.16%.

Institutional Investors Weigh In On Bank of Hawaii

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Bank of Hawaii by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock valued at $336,946,000 after buying an additional 87,919 shares during the period. Victory Capital Management Inc. lifted its stake in Bank of Hawaii by 28.6% during the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock worth $131,789,000 after purchasing an additional 590,492 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Bank of Hawaii by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,142,123 shares of the bank’s stock worth $82,758,000 after purchasing an additional 24,031 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Bank of Hawaii by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 508,933 shares of the bank’s stock worth $36,877,000 after purchasing an additional 2,495 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted 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 worth $32,718,000 after purchasing an additional 231,909 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

About Bank of Hawaii

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.