Bank of Hawaii (NYSE:BOH) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Bank of Hawaii Co. (NYSE:BOH) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $68.37 and traded as high as $72.60. Bank of Hawaii shares last traded at $71.24, with a volume of 368,210 shares traded.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BOH shares. Stephens initiated coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Barclays increased their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler increased their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. DA Davidson raised their target price on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Bank of Hawaii presently has an average rating of “Hold” and a consensus price target of $71.83.

Bank of Hawaii Stock Up 0.3 %

The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 4.51 and a beta of 1.05. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $74.23 and a 200-day moving average price of $68.41.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same quarter last year, the business posted $1.17 EPS. On average, equities analysts forecast that Bank of Hawaii Co. will post 3.54 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.80 annualized dividend and a yield of 3.94%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the sale, the insider now directly owns 13,717 shares in the company, valued at approximately $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bank of Hawaii in the 2nd quarter worth about $106,000. Point72 DIFC Ltd acquired a new position in Bank of Hawaii during the 2nd quarter worth approximately $119,000. UMB Bank n.a. grew its holdings in Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of Bank of Hawaii during the third quarter worth about $207,000. Finally, Cadinha & Co. LLC acquired a new position in Bank of Hawaii during the 3rd quarter worth $218,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Company Profile

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.