Bank of Hawaii (NYSE:BOH)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a research report issued on Tuesday. They currently have a $92.50 price target on the bank’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 7.62% from the company’s current price.
Several other research analysts have also weighed in on BOH. Barclays upped their price target on Bank of Hawaii from $85.00 to $92.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $92.00 price target on shares of Bank of Hawaii in a research report on Friday, December 22nd. Morgan Stanley reissued an “underweight” rating and set a $77.00 price target (up from $75.00) on shares of Bank of Hawaii in a research report on Wednesday, October 4th. Finally, Jefferies Group reissued a “hold” rating and set a $92.00 price target on shares of Bank of Hawaii in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Bank of Hawaii presently has a consensus rating of “Hold” and a consensus price target of $91.92.
Shares of Bank of Hawaii (NYSE:BOH) opened at $85.95 on Tuesday. Bank of Hawaii has a fifty-two week low of $74.72 and a fifty-two week high of $90.20. The company has a market capitalization of $3,641.27, a price-to-earnings ratio of 19.76, a PEG ratio of 2.15 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.22.
Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. The business had revenue of $158.73 million during the quarter, compared to the consensus estimate of $163.29 million. During the same period in the prior year, the business posted $1.02 earnings per share. sell-side analysts anticipate that Bank of Hawaii will post 4.42 EPS for the current year.
Bank of Hawaii declared that its board has authorized a stock repurchase plan on Monday, October 23rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Bank of Hawaii in the 3rd quarter worth about $117,000. Rocky Mountain Advisers LLC increased its position in Bank of Hawaii by 13,300.0% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock worth $168,000 after purchasing an additional 1,995 shares during the last quarter. Magnetar Financial LLC acquired a new position in Bank of Hawaii in the 3rd quarter worth about $203,000. Trexquant Investment LP acquired a new position in Bank of Hawaii in the 3rd quarter worth about $240,000. Finally, Eagle Ridge Investment Management acquired a new position in Bank of Hawaii in the 3rd quarter worth about $244,000. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
Bank of Hawaii Company Profile
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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