Barclays Issues Positive Forecast for Bank of Hawaii (NYSE:BOH) Stock Price

Bank of Hawaii (NYSE:BOH) had its price objective lifted by Barclays from $83.00 to $86.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Several other analysts have also issued reports on the company. Stephens reaffirmed an “overweight” rating on shares of Bank of Hawaii in a research note on Tuesday, January 27th. Weiss Ratings raised Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Piper Sandler cut their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, DA Davidson boosted their price objective on Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.80.

Bank of Hawaii Trading Up 0.3%

Shares of Bank of Hawaii stock opened at $76.43 on Tuesday. Bank of Hawaii has a 1 year low of $57.44 and a 1 year high of $80.61. The firm has a market cap of $3.04 billion, a PE ratio of 16.54, a PEG ratio of 0.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50 day simple moving average of $75.67 and a two-hundred day simple moving average of $70.07.

Bank of Hawaii (NYSE:BOH) last announced its 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. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The business had revenue of $189.65 million during the quarter, compared to analyst estimates of $184.83 million. During the same period in the previous year, the business posted $0.85 earnings per share. Analysts expect that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, February 27th. Bank of Hawaii’s dividend payout ratio is currently 60.61%.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently made changes to their positions in BOH. Hsbc Holdings PLC bought a new position in Bank of Hawaii in the fourth quarter worth $6,164,000. Corient Private Wealth LLC raised its holdings in Bank of Hawaii by 10.2% in the fourth quarter. Corient Private Wealth LLC now owns 33,157 shares of the bank’s stock worth $2,269,000 after purchasing an additional 3,061 shares in the last quarter. SHP Wealth Management bought a new position in Bank of Hawaii in the fourth quarter worth $34,000. Mercer Global Advisors Inc. ADV raised its holdings in Bank of Hawaii by 36.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,409 shares of the bank’s stock worth $575,000 after purchasing an additional 2,243 shares in the last quarter. Finally, Man Group plc bought a new position in Bank of Hawaii in the fourth quarter worth $271,000. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Company Profile

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.