Bank of Hawaii (NYSE:BOH) Given New $70.00 Price Target at Piper Sandler

Bank of Hawaii (NYSE:BOH) had its target price boosted by Piper Sandler from $58.00 to $70.00 in a report published on Tuesday, Benzinga reports. They currently have a neutral rating on the bank’s stock.

Several other research firms have also weighed in on BOH. Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $58.00 to $60.00 and gave the company an underperform rating in a report on Tuesday. StockNews.com upgraded Bank of Hawaii to a sell rating in a report on Thursday, May 30th. Barclays dropped their price target on shares of Bank of Hawaii from $51.00 to $50.00 and set an underweight rating on the stock in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a hold rating in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of Reduce and an average target price of $58.50.

Bank of Hawaii Price Performance

Shares of BOH opened at $69.13 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.70. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 17.82 and a beta of 1.06. The business’s 50-day moving average is $59.16 and its 200-day moving average is $60.59. Bank of Hawaii has a fifty-two week low of $45.56 and a fifty-two week high of $75.19.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The firm had revenue of $255.62 million for the quarter, compared to analysts’ expectations of $157.12 million. During the same quarter in the prior year, the business posted $1.12 earnings per share. Equities research analysts expect that Bank of Hawaii will post 3.4 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, August 30th. Bank of Hawaii’s payout ratio is presently 72.16%.

Insiders Place Their Bets

In other news, insider Taryn L. Salmon sold 2,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $67.80, for a total value of $160,279.20. Following the transaction, the insider now owns 10,785 shares of the company’s stock, valued at approximately $731,223. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.11% of the company’s stock.

Institutional Trading of Bank of Hawaii

A number of large investors have recently bought and sold shares of BOH. TFO Wealth Partners LLC raised its stake in shares of Bank of Hawaii by 9,660.0% in the 4th quarter. TFO Wealth Partners LLC now owns 488 shares of the bank’s stock valued at $362,000 after purchasing an additional 483 shares during the period. GAMMA Investing LLC bought a new position in shares of Bank of Hawaii during the fourth quarter worth about $41,000. Quest Partners LLC acquired a new stake in Bank of Hawaii in the 4th quarter valued at approximately $41,000. Strs Ohio bought a new stake in Bank of Hawaii in the 4th quarter valued at approximately $50,000. Finally, Clearbridge Investments LLC acquired a new position in Bank of Hawaii during the 4th quarter worth approximately $217,000. 82.18% of the stock is owned by institutional investors.

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.