Analysts Set Bank of Hawaii Corporation (NYSE:BOH) Price Target at $81.80

Bank of Hawaii Corporation (NYSE:BOH) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $81.80.

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th. Wall Street Zen raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. DA Davidson raised their target price on Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods raised Bank of Hawaii from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $75.00 to $91.00 in a research report on Tuesday, January 27th.

Insider Activity

In related news, CEO Peter S. Ho sold 15,000 shares of Bank of Hawaii stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the sale, the chief executive officer owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Bank of Hawaii by 63.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 800 shares of the bank’s stock valued at $55,000 after buying an additional 312 shares during the last quarter. IFP Advisors Inc lifted its position in Bank of Hawaii by 58.1% in the 4th quarter. IFP Advisors Inc now owns 1,440 shares of the bank’s stock valued at $98,000 after acquiring an additional 529 shares in the last quarter. Marble Harbor Investment Counsel LLC lifted its position in Bank of Hawaii by 14.3% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 112,199 shares of the bank’s stock valued at $7,671,000 after acquiring an additional 14,075 shares in the last quarter. Covestor Ltd boosted its stake in Bank of Hawaii by 192.6% during the 4th quarter. Covestor Ltd now owns 2,279 shares of the bank’s stock valued at $156,000 after purchasing an additional 1,500 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Bank of Hawaii by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 7,655 shares of the bank’s stock worth $523,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Trading Up 1.8%

NYSE BOH opened at $78.80 on Thursday. The business has a 50 day simple moving average of $70.85 and a 200 day simple moving average of $67.21. Bank of Hawaii has a one year low of $57.44 and a one year high of $79.05. The stock has a market capitalization of $3.13 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.82 and a beta of 0.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $189.65 million for the quarter, compared to analyst estimates of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same period in the previous year, the firm earned $0.85 earnings per share. Research analysts expect that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 27th. Bank of Hawaii’s dividend payout ratio is presently 60.61%.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.