Bank of Hawaii Co. (NYSE:BOH) Receives $60.40 Average Target Price from Analysts

Bank of Hawaii Co. (NYSE:BOH) has received an average rating of “Reduce” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $60.40.

A number of equities research analysts recently weighed in on BOH shares. Jefferies Financial Group lifted their price objective on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Piper Sandler cut shares of Bank of Hawaii from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $70.00 to $61.00 in a report on Monday, August 12th. DA Davidson raised their price objective on shares of Bank of Hawaii from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded Bank of Hawaii from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $60.00 to $67.00 in a research report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BOH. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bank of Hawaii in the 2nd quarter worth $106,000. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii in the 2nd quarter valued at $119,000. UMB Bank n.a. boosted its position in shares of Bank of Hawaii by 5,508.3% in the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares during the period. Rothschild Investment LLC purchased a new position in Bank of Hawaii in the 2nd quarter worth about $172,000. Finally, Cadinha & Co. LLC acquired a new stake in Bank of Hawaii during the 3rd quarter worth about $218,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $64.90 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $64.76 and its two-hundred day moving average is $61.61. The firm has a market capitalization of $2.58 billion, a P/E ratio of 16.73, a PEG ratio of 7.41 and a beta of 1.05. Bank of Hawaii has a 52 week low of $46.31 and a 52 week high of $75.19.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, July 22nd. The bank reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. The business had revenue of $255.62 million for the quarter, compared to the consensus estimate of $157.12 million. During the same period in the previous year, the firm earned $1.12 EPS. Analysts anticipate that Bank of Hawaii will post 3.4 earnings per share for the current year.

About Bank of Hawaii

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.