Brokerages Set Bank of Hawaii Corporation (NYSE:BOH) PT at $75.00

Bank of Hawaii Corporation (NYSE:BOH) has earned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $73.20.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a research note on Wednesday, October 8th. DA Davidson restated a “neutral” rating and issued a $70.00 target price on shares of Bank of Hawaii in a research note on Tuesday. Stephens cut their target price on shares of Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 29th. Piper Sandler assumed coverage on shares of Bank of Hawaii in a research note on Thursday, August 21st. They issued a “neutral” rating and a $71.00 target price on the stock. Finally, Barclays upped their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $64.88 on Tuesday. Bank of Hawaii has a 12 month low of $57.44 and a 12 month high of $82.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $2.58 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.76 and a beta of 0.81. The company’s fifty day moving average price is $65.68 and its two-hundred day moving average price is $66.32.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 27th. The bank reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. The firm had revenue of $182.64 million for the quarter, compared to analyst estimates of $180.95 million. During the same quarter in the previous year, the business posted $0.93 EPS. On average, research analysts anticipate that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, November 28th. Bank of Hawaii’s dividend payout ratio is 68.63%.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in Bank of Hawaii by 150.0% during the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after acquiring an additional 270 shares during the period. Private Trust Co. NA raised its stake in Bank of Hawaii by 18,333.3% during the first quarter. Private Trust Co. NA now owns 553 shares of the bank’s stock worth $38,000 after acquiring an additional 550 shares during the period. Golden State Wealth Management LLC raised its stake in Bank of Hawaii by 110.5% during the first quarter. Golden State Wealth Management LLC now owns 581 shares of the bank’s stock worth $40,000 after acquiring an additional 305 shares during the period. Strs Ohio acquired a new stake in Bank of Hawaii during the first quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC raised its stake in Bank of Hawaii by 461.3% during the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after acquiring an additional 512 shares during the period. Institutional investors and hedge funds 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.