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

Bank of Hawaii (NYSE:BOH) had its price objective raised by DA Davidson from $77.00 to $82.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the bank’s stock.

A number of other equities research analysts have also recently issued reports on BOH. Wall Street Zen raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Stephens boosted their target price on shares of Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings raised shares of Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Barclays boosted their target price on shares of Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Finally, Piper Sandler lowered their target price on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $85.40.

Bank of Hawaii Trading Down 3.0%

Shares of BOH stock opened at $77.68 on Tuesday. The company’s fifty day simple moving average is $76.16 and its two-hundred day simple moving average is $71.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.70. Bank of Hawaii has a 1 year low of $59.36 and a 1 year high of $82.74. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.74 and a beta of 0.72.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. The business had revenue of $192.32 million for the quarter, compared to the consensus estimate of $193.53 million. During the same period in the previous year, the firm earned $0.97 EPS. As a group, analysts anticipate that Bank of Hawaii will post 5.87 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th 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 is Friday, May 29th. Bank of Hawaii’s payout ratio is 60.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Bank of Hawaii by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock valued at $312,139,000 after purchasing an additional 26,821 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bank of Hawaii by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,517 shares of the bank’s stock valued at $74,149,000 after purchasing an additional 35,065 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of Bank of Hawaii by 122.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after purchasing an additional 557,148 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Bank of Hawaii by 36.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock valued at $59,166,000 after purchasing an additional 229,806 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Bank of Hawaii by 0.3% during the 3rd quarter. American Century Companies Inc. now owns 655,639 shares of the bank’s stock valued at $43,036,000 after purchasing an additional 2,175 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii News Roundup

Here are the key news stories impacting Bank of Hawaii this week:

• Positive Sentiment: Net interest income and margin momentum: management said NII reached a cycle high and is targeting ~2.9% NIM by year-end, which helps offset other weaknesses. Article Title
• Positive Sentiment: Improved credit quality and loan growth provided partial support to results, reducing concern about asset quality. Article Title
• Positive Sentiment: Dividend maintained: company announced a $0.70 quarterly dividend, supporting yield-seeking investors. Press Release / Slide Deck
• Neutral Sentiment: Analyst activity: several firms revised models after Q1 — DA Davidson raised its target to $82 (neutral rating) and others increased forecasts. These moves provide mixed sentiment rather than a clear buy/sell signal. Article Title
• Positive Sentiment: Notable bullish note: Keefe, Bruyette & Woods raised its price target to $95 and kept an outperform view — a clear analyst vote of confidence. Article Title
• Negative Sentiment: Q1 miss on EPS and revenue: GAAP EPS of $1.30 missed the ~$1.33 consensus and revenue came in below estimates, which is the immediate driver of downward pressure. Article Title
• Negative Sentiment: Fee income fell and operating expenses rose year-over-year, trimming net income (net income was $57.4M) and limiting upside from higher NII. Article Title
• Negative Sentiment: Conference-call/transcript coverage emphasized the EPS miss and conservative outlook on overhead growth, which likely reinforced short-term selling. Article Title

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.