Bank of Hawaii Corporation (NYSE:BOH) Receives $81.80 Consensus Price Target from Brokerages

Shares of Bank of Hawaii Corporation (NYSE:BOH) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $81.80.

Several brokerages recently commented on BOH. DA Davidson raised their price objective on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research report on Monday, December 29th. Keefe, Bruyette & Woods upgraded Bank of Hawaii from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $91.00 in a research report on Tuesday, January 27th. Stephens restated an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. Finally, Barclays upped their price target on shares of Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th.

Bank of Hawaii Stock Up 0.7%

Shares of NYSE BOH opened at $78.38 on Monday. Bank of Hawaii has a 52-week low of $57.44 and a 52-week high of $80.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market cap of $3.11 billion, a P/E ratio of 16.97, a P/E/G ratio of 0.79 and a beta of 0.73. The firm has a 50 day moving average price of $74.22 and a 200 day moving average price of $68.98.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $189.65 million for the quarter, compared to analysts’ expectations of $184.83 million. During the same period last year, the firm posted $0.85 earnings per share. Analysts expect that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

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

Insider Buying and Selling

In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the completion of the transaction, the chief executive officer owned 156,774 shares of the company’s stock, valued at $10,640,251.38. This represents a 8.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

A number of large investors have recently modified their holdings of the business. Danske Bank A S bought a new stake in shares of Bank of Hawaii during the 4th quarter worth approximately $27,000. Farther Finance Advisors LLC grew its stake in shares of Bank of Hawaii by 150.0% in the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock valued at $30,000 after acquiring an additional 270 shares in the last quarter. SHP Wealth Management acquired a new stake in Bank of Hawaii during the fourth quarter worth approximately $34,000. Quarry LP increased its position in shares of Bank of Hawaii by 1,497.2% in the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after purchasing an additional 539 shares during the period. Finally, Strs Ohio bought a new stake in shares of Bank of Hawaii during the 1st quarter worth approximately $41,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.