Bank of Hawaii (NYSE:BOH) PT Lowered to $50.00

Bank of Hawaii (NYSE:BOH) had its price target lowered by Barclays from $51.00 to $50.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has an underweight rating on the bank’s stock.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler dropped their price target on shares of Bank of Hawaii from $65.00 to $60.00 and set a neutral rating on the stock in a research report on Tuesday. StockNews.com raised shares of Bank of Hawaii to a sell rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods lifted their target price on shares of Bank of Hawaii from $55.00 to $58.00 and gave the stock an underperform rating in a research report on Tuesday. Finally, Jefferies Financial Group dropped their target price on shares of Bank of Hawaii from $67.00 to $62.00 and set a hold rating on the stock in a research report on Monday, April 8th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Reduce and a consensus price target of $52.20.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $58.20 on Tuesday. Bank of Hawaii has a fifty-two week low of $30.83 and a fifty-two week high of $75.19. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The firm’s 50-day simple moving average is $60.41 and its 200 day simple moving average is $60.81.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The business had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. During the same period in the previous year, the business posted $1.14 EPS. As a group, research analysts anticipate that Bank of Hawaii will post 3.72 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

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

Institutional Investors Weigh In On Bank of Hawaii

Several large investors have recently modified their holdings of BOH. Victory Capital Management Inc. increased its stake in shares of Bank of Hawaii by 28.6% during the 3rd 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. Norges Bank purchased a new position in Bank of Hawaii in the 4th quarter valued at approximately $29,508,000. Newport Trust Company LLC purchased a new position in Bank of Hawaii in the 3rd quarter valued at approximately $20,170,000. Goldman Sachs Group Inc. grew its stake in Bank of Hawaii by 105.6% in the 4th 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. Finally, North Reef Capital Management LP purchased a new position in Bank of Hawaii in the 3rd quarter valued at approximately $8,479,000. 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.