Bank of Hawaii (NYSE:BOH) Reaches New 12-Month High – Still a Buy?

Bank of Hawaii Corporation (NYSE:BOH) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $88.26 and last traded at $88.26, with a volume of 202 shares traded. The stock had previously closed at $84.75.

Analysts Set New Price Targets

BOH has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective 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, April 21st. Weiss Ratings raised shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Stephens raised their price target on shares of Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Piper Sandler lowered their price target 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. Finally, Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.80.

Bank of Hawaii Trading Down 0.7%

The firm has a fifty day moving average of $80.09 and a two-hundred day moving average of $77.23. The company has a market cap of $3.33 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Bank of Hawaii

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOH. Royal Bank of Canada raised its position in shares of Bank of Hawaii by 16.4% in the first quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock valued at $1,808,000 after purchasing an additional 3,689 shares during the period. AQR Capital Management LLC boosted its holdings in Bank of Hawaii by 177.5% in the 1st quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock worth $1,617,000 after buying an additional 15,234 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bank of Hawaii by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock worth $1,605,000 after buying an additional 1,027 shares during the period. Intech Investment Management LLC boosted its holdings in Bank of Hawaii by 35.8% in the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock worth $1,366,000 after buying an additional 5,227 shares during the period. Finally, Strs Ohio purchased a new position in Bank of Hawaii in the 1st quarter valued at approximately $41,000. 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.