Bank of Hawaii (NYSE:BOH) Price Target Raised to $68.00 at Piper Sandler

Bank of Hawaii (NYSE:BOH) had its price target lifted by Piper Sandler from $66.00 to $68.00 in a research note released on Tuesday,Benzinga reports. They currently have an underweight rating on the bank’s stock.

BOH has been the subject of several other research reports. Stephens initiated coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Barclays boosted their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods boosted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, DA Davidson boosted their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bank of Hawaii has an average rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Stock Performance

Shares of BOH opened at $75.35 on Tuesday. The stock has a 50-day moving average of $73.30 and a two-hundred day moving average of $69.36. Bank of Hawaii has a one year low of $54.50 and a one year high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $3.00 billion, a P/E ratio of 22.63 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. As a group, research analysts predict that Bank of Hawaii will post 3.54 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 3.72%. Bank of Hawaii’s payout ratio is 84.08%.

Hedge Funds Weigh In On Bank of Hawaii

Large investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bank of Hawaii during the 2nd quarter worth approximately $106,000. KBC Group NV increased its stake in Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after buying an additional 812 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Bank of Hawaii during the 2nd quarter worth approximately $119,000. UMB Bank n.a. increased its stake in Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after buying an additional 2,644 shares in the last quarter. Finally, Choreo LLC purchased a new stake in Bank of Hawaii during the 4th quarter worth approximately $205,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

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.