Bank of Hawaii Corporation (NYSE:BOH) Receives $83.80 Consensus Target Price from Analysts

Shares of Bank of Hawaii Corporation (NYSE:BOH) have received an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $85.40.

BOH has been the subject of a number of research reports. Piper Sandler cut their target price on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Keefe, Bruyette & Woods increased their target price on shares of Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday. DA Davidson increased their target price on shares of Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings upgraded shares of Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th.

Hedge Funds Weigh In On Bank of Hawaii

A number of large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in shares of Bank of Hawaii in the first quarter valued at approximately $1,307,000. Hsbc Holdings PLC bought a new position in shares of Bank of Hawaii in the fourth quarter valued at approximately $6,164,000. Corient Private Wealth LLC boosted its position in shares of Bank of Hawaii by 10.2% in the fourth quarter. Corient Private Wealth LLC now owns 33,157 shares of the bank’s stock valued at $2,269,000 after acquiring an additional 3,061 shares during the period. SHP Wealth Management bought a new position in shares of Bank of Hawaii in the fourth quarter valued at approximately $34,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of 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 valued at $575,000 after acquiring an additional 2,243 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $78.00 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.10 billion, a PE ratio of 15.76, a P/E/G ratio of 0.73 and a beta of 0.72. Bank of Hawaii has a twelve month low of $59.36 and a twelve month high of $82.74. The company has a 50-day moving average price of $76.20 and a two-hundred day moving average price of $71.11.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The business had revenue of $192.32 million for the quarter, compared to the consensus estimate of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same quarter in the prior year, the business earned $0.97 EPS. Equities analysts forecast that Bank of Hawaii will post 5.86 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders 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 yield of 3.6%. The ex-dividend date is Friday, May 29th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 56.57%.

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.