Analysts Set Bank of Hawaii Co. (NYSE:BOH) Price Target at $73.00

Bank of Hawaii Co. (NYSE:BOH) has earned an average recommendation of “Reduce” from the six brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $73.00.

Several brokerages have commented on BOH. Stephens began coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson upped their target price on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Barclays lifted their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Piper Sandler upped their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th.

Bank of Hawaii Stock Up 2.5 %

BOH opened at $70.15 on Tuesday. Bank of Hawaii has a 52 week low of $54.50 and a 52 week high of $82.70. The business has a 50 day moving average price of $71.42 and a two-hundred day moving average price of $70.79. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.79 billion, a PE ratio of 20.27 and a beta of 1.01.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. As a group, research analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 80.92%.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the completion of the transaction, the chief accounting officer now owns 9,173 shares of the company’s stock, valued at $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Taryn L. Salmon sold 449 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the transaction, the insider now directly owns 9,880 shares of the company’s stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC lifted its stake in Bank of Hawaii by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after buying an additional 154 shares during the last quarter. Mariner LLC lifted its position in Bank of Hawaii by 1.7% in the 4th quarter. Mariner LLC now owns 9,076 shares of the bank’s stock valued at $647,000 after purchasing an additional 154 shares during the last quarter. Cetera Investment Advisers boosted its stake in Bank of Hawaii by 3.7% during the 4th quarter. Cetera Investment Advisers now owns 4,457 shares of the bank’s stock valued at $318,000 after purchasing an additional 158 shares during the period. Glenmede Trust Co. NA grew its position in Bank of Hawaii by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock worth $396,000 after purchasing an additional 182 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Bank of Hawaii by 5.9% in the fourth quarter. Bank of Montreal Can now owns 4,592 shares of the bank’s stock valued at $327,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.