Stephens Has Lowered Expectations for Bank of Hawaii (NYSE:BOH) Stock Price

Bank of Hawaii (NYSE:BOH) had its target price dropped by stock analysts at Stephens from $82.00 to $76.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Stephens‘s target price suggests a potential upside of 6.35% from the company’s previous close.

Several other brokerages have also recently commented on BOH. Piper Sandler decreased their price target on shares of Bank of Hawaii from $85.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. Keefe, Bruyette & Woods lowered Bank of Hawaii from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $85.00 to $78.00 in a research report on Tuesday, October 27th. Weiss Ratings downgraded Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Barclays decreased their price objective on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 28th. Finally, DA Davidson reiterated a “neutral” rating and set a $75.00 target price on shares of Bank of Hawaii in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $78.40.

Bank of Hawaii Stock Performance

Shares of NYSE:BOH traded up $1.69 during mid-day trading on Monday, reaching $71.46. 78,088 shares of the company traded hands, compared to its average volume of 411,636. The company’s 50 day moving average price is $71.85 and its 200-day moving average price is $76.31. The firm has a market cap of $2.80 billion, a PE ratio of 12.65, a PEG ratio of 0.85 and a beta of 0.72. Bank of Hawaii has a 52 week low of $62.54 and a 52 week high of $86.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 26th. The bank reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). Bank of Hawaii had a return on equity of 16.35% and a net margin of 22.89%. The firm had revenue of $198.76 million during the quarter, compared to the consensus estimate of $202.59 million. During the same quarter in the previous year, the company earned $1.20 earnings per share. On average, equities analysts expect that Bank of Hawaii will post 5.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Marco Abbruzzese sold 2,441 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total value of $199,161.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds and other institutional investors have recently modified their holdings of the business. Freestone Grove Partners LP bought a new position in Bank of Hawaii in the 2nd quarter valued at $32,000. TD Waterhouse Canada Inc. purchased a new position in Bank of Hawaii in the 3rd quarter worth about $27,000. Global Retirement Partners LLC bought a new stake in Bank of Hawaii during the 2nd quarter valued at about $34,000. Western Wealth Management LLC purchased a new stake in Bank of Hawaii in the 1st quarter valued at about $33,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Bank of Hawaii in the 2nd quarter valued at about $51,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

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.