Keefe, Bruyette & Woods Issues Positive Forecast for Bank of Hawaii (NYSE:BOH) Stock Price

Bank of Hawaii (NYSE:BOH) had its price objective lifted by Keefe, Bruyette & Woods from $91.00 to $95.00 in a research report report published on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the bank’s stock.

Several other research firms have also weighed in on BOH. Weiss Ratings raised Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Stephens lifted their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Barclays lifted their price objective on Bank of Hawaii from $83.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.40.

Bank of Hawaii Stock Down 3.0%

Shares of NYSE:BOH opened at $77.68 on Tuesday. The firm has a market cap of $3.09 billion, a P/E ratio of 15.69, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. Bank of Hawaii has a 12-month low of $59.36 and a 12-month high of $82.74. The business has a fifty day simple moving average of $76.16 and a 200 day simple moving average of $71.01.

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

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a $0.70 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 60.61%.

Institutional Trading of Bank of Hawaii

Several large investors have recently made changes to their positions in BOH. Balyasny Asset Management L.P. grew its stake in shares of Bank of Hawaii by 122.3% in 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 buying an additional 557,148 shares during the period. Nuveen LLC grew its stake in shares of Bank of Hawaii by 455.6% in the 4th quarter. Nuveen LLC now owns 491,187 shares of the bank’s stock valued at $33,582,000 after buying an additional 402,774 shares during the period. Verition Fund Management LLC grew its stake in shares of Bank of Hawaii by 1,699.7% in the 3rd quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after buying an additional 251,063 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Bank of Hawaii by 36.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock valued at $59,166,000 after buying an additional 229,806 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Bank of Hawaii by 163.9% in the 3rd quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock valued at $22,306,000 after buying an additional 211,076 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Bank of Hawaii

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.