Bank of Hawaii Corporation (NYSE:BOH) Receives $73.20 Consensus Target Price from Analysts

Bank of Hawaii Corporation (NYSE:BOH) has earned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $73.20.

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Stephens reduced their price objective on shares of Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Piper Sandler assumed coverage on Bank of Hawaii in a research report on Thursday, August 21st. They set a “neutral” rating and a $71.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bank of Hawaii in a research report on Wednesday, November 19th.

Bank of Hawaii Stock Performance

BOH stock opened at $65.29 on Friday. Bank of Hawaii has a 1-year low of $57.44 and a 1-year high of $82.70. The business has a 50-day moving average price of $64.64 and a 200 day moving average price of $66.20. The company has a market capitalization of $2.60 billion, a P/E ratio of 16.00, a PEG ratio of 0.76 and a beta of 0.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Tuesday, October 28th. The bank reported $1.20 EPS for the quarter, beating 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 business had revenue of $182.64 million for the quarter, compared to the consensus estimate of $180.95 million. During the same quarter last year, the firm posted $0.93 EPS. As a group, equities research analysts forecast that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, November 28th. Bank of Hawaii’s dividend payout ratio (DPR) is 68.63%.

Institutional Investors Weigh In On Bank of Hawaii

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOH. CIBC Bancorp USA Inc. acquired a new position in shares of Bank of Hawaii in the 3rd quarter valued at about $276,000. First Affirmative Financial Network lifted its holdings in Bank of Hawaii by 5.6% in the third quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock valued at $220,000 after acquiring an additional 178 shares during the period. Advisory Services Network LLC purchased a new stake in Bank of Hawaii in the 3rd quarter worth approximately $63,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Bank of Hawaii by 2.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 40,547 shares of the bank’s stock worth $2,658,000 after purchasing an additional 794 shares during the period. Finally, PharVision Advisers LLC purchased a new position in shares of Bank of Hawaii during the 3rd quarter valued at approximately $211,000. 82.18% of the stock is owned by institutional investors and hedge funds.

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.