Bank of Hawaii (NYSE:BOH) Price Target Raised to $70.00

Bank of Hawaii (NYSE:BOH) had its price target hoisted by stock analysts at DA Davidson from $63.00 to $70.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s price objective points to a potential upside of 2.94% from the stock’s current price.

Several other equities research analysts also recently issued reports on BOH. Jefferies Financial Group raised their price objective on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 23rd. Barclays cut their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, April 23rd. Piper Sandler raised their price objective on shares of Bank of Hawaii from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.80.

Bank of Hawaii Stock Down 1.6 %

Shares of NYSE BOH traded down $1.13 during mid-day trading on Monday, hitting $68.00. The company had a trading volume of 36,084 shares, compared to its average volume of 320,330. Bank of Hawaii has a one year low of $45.56 and a one year high of $75.19. The company has a market capitalization of $2.70 billion, a PE ratio of 17.53 and a beta of 1.06. The firm has a 50-day simple moving average of $59.16 and a two-hundred day simple moving average of $60.46. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.

Bank of Hawaii (NYSE:BOH) last issued its earnings results 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 net margin of 14.54% and a return on equity of 12.25%. The firm had revenue of $255.62 million during the quarter, compared to analyst estimates of $157.12 million. During the same quarter last year, the business posted $1.12 earnings per share. On average, equities analysts expect that Bank of Hawaii will post 3.4 EPS for the current year.

Insider Activity at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 2,364 shares of Bank of Hawaii stock in a transaction that occurred on 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 directly owns 10,785 shares of the company’s stock, valued at $731,223. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Bank of Hawaii by 4.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 45,352 shares of the bank’s stock worth $3,286,000 after buying an additional 2,007 shares during the last quarter. Regency Capital Management Inc. DE bought a new stake in shares of Bank of Hawaii during the fourth quarter worth $243,000. International Assets Investment Management LLC bought a new stake in shares of Bank of Hawaii during the fourth quarter worth $8,952,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Bank of Hawaii by 4.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,120 shares of the bank’s stock worth $1,675,000 after buying an additional 1,085 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Bank of Hawaii by 2.5% during the fourth quarter. Bleakley Financial Group LLC now owns 8,424 shares of the bank’s stock worth $610,000 after buying an additional 206 shares during the last quarter. 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.