Bank of Hawaii (NYSE:BOH) Earns “Neutral” Rating from DA Davidson

Bank of Hawaii (NYSE:BOH)‘s stock had its “neutral” rating restated by DA Davidson in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $75.00 target price on the bank’s stock. DA Davidson‘s price objective suggests a potential upside of 6.90% from the company’s previous close.

Other research analysts have also issued reports about the company. Stephens lowered Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Piper Sandler dropped their price target on Bank of Hawaii from $85.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Barclays cut their price target on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods downgraded shares of Bank of Hawaii from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $85.00 to $78.00 in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Hawaii presently has an average rating of “Hold” and a consensus price target of $80.20.

Bank of Hawaii Trading Down 0.5%

Shares of NYSE BOH traded down $0.37 during mid-day trading on Tuesday, hitting $70.16. 527,377 shares of the company traded hands, compared to its average volume of 414,727. Bank of Hawaii has a 1 year low of $62.54 and a 1 year high of $86.31. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.86 and a beta of 0.72. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $72.53 and a two-hundred day moving average of $76.32.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 26th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The company had revenue of $198.76 million during the quarter, compared to analysts’ expectations of $202.60 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%. During the same period last year, the company earned $1.20 earnings per share. On average, sell-side analysts anticipate that Bank of Hawaii will post 5.88 earnings per share for the current fiscal year.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Marco Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total transaction of $199,161.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.97% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Bank of Hawaii in the 2nd quarter valued at about $470,538,000. Dimensional Fund Advisors LP increased its stake in Bank of Hawaii by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,106,873 shares of the bank’s stock worth $82,182,000 after buying an additional 22,356 shares during the period. NFJ Investment Group LLC purchased a new position in shares of Bank of Hawaii in the 2nd quarter valued at about $39,758,000. Bank of New York Mellon Corp purchased a new position in Bank of Hawaii in the second quarter valued at $37,864,000. Finally, Deprince Race & Zollo Inc. purchased a new stake in shares of Bank of Hawaii during the 1st quarter worth approximately $34,385,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

More Bank of Hawaii News

Here are the key news stories impacting Bank of Hawaii this week:

• Positive Sentiment: Bank of Hawaii authorized an additional $200 million for share repurchases, bringing total remaining buyback capacity to approximately $268.7 million. The company also plans to repurchase about $20 million of shares during the fourth quarter, which could support earnings per share and signal confidence in its valuation. Bank of Hawaii plans $20M Q4 buyback after adding $200M authorization
• Positive Sentiment: Third-quarter net income rose 20.5% year over year to $64.3 million, while earnings increased to $1.49 per share from $1.20 a year earlier. The bank declared its regular $0.70 quarterly dividend, equivalent to a 4.0% annualized yield, reinforcing its appeal to income-focused investors.
• Positive Sentiment: A bullish Seeking Alpha analysis cited Bank of Hawaii’s strong capital position, including a 14.4% CET1 ratio, conservative real-estate lending and a sizable base of low-cost noninterest-bearing deposits as support for future returns. Bank Of Hawaii: Rate Tailwinds Support Upside

Bank of Hawaii Company Profile

Bank of Hawaii Corporation is the parent company of Bank of Hawaii, a regional financial institution headquartered in Honolulu. Founded in 1897, the bank provides banking and financial services to consumers, businesses, and government entities, with a primary focus on Hawaii and selected Pacific markets.

Its consumer banking business offers deposit accounts, residential and consumer lending, credit cards, online and mobile banking, and other personal financial products. Through its commercial banking operations, Bank of Hawaii provides business loans, commercial real estate financing, treasury management, payments, and deposit services to companies and institutions.

The company also provides wealth management, trust, investment management, and private banking services.