Bank of Hawaii (NYSE:BOH) Hits New 1-Year High – Time to Buy?

Bank of Hawaii Corporation (NYSE:BOH)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $83.28 and last traded at $83.4110, with a volume of 60225 shares. The stock had previously closed at $81.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler cut their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Stephens upped their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Zacks Research lowered shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Barclays lifted their target price on shares of Bank of Hawaii from $83.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.40.

Bank of Hawaii Stock Performance

The firm has a fifty day simple moving average of $78.28 and a 200 day simple moving average of $75.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.85 and a beta of 0.71.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The business had revenue of $192.32 million during the quarter, compared to analyst estimates of $193.53 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same period last year, the business earned $0.97 EPS. On average, sell-side analysts expect that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, May 29th. Bank of Hawaii’s payout ratio is 56.57%.

Institutional Investors Weigh In On Bank of Hawaii

Several large investors have recently made changes to their positions in the company. Danske Bank A S bought a new stake in Bank of Hawaii during the fourth quarter worth about $27,000. Western Wealth Management LLC bought a new position in shares of Bank of Hawaii in the first quarter valued at approximately $33,000. SHP Wealth Management bought a new position in shares of Bank of Hawaii in the fourth quarter valued at approximately $34,000. Quarry LP raised its stake in shares of Bank of Hawaii by 1,497.2% in the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after acquiring an additional 539 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Bank of Hawaii in the 1st quarter worth 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.