Bank of Hawaii (NYSE:BOH) Stock Moved Down to Market Perform by Keefe, Bruyette & Woods

Bank of Hawaii (NYSE:BOH) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $78.00 target price on the bank’s stock. Keefe, Bruyette & Woods‘s price target indicates a potential upside of 10.46% from the stock’s previous close.

BOH has been the topic of a number of other reports. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a research report on Tuesday, July 28th. DA Davidson upped their price objective on shares of Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Piper Sandler cut their price objective on shares of Bank of Hawaii from $85.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Barclays reduced their target price on 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, Stephens downgraded Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a research report on Thursday, August 6th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $82.20.

Bank of Hawaii Stock Performance

Shares of BOH opened at $70.61 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.79 billion, a PE ratio of 13.17, a P/E/G ratio of 0.86 and a beta of 0.72. Bank of Hawaii has a 12 month low of $62.51 and a 12 month high of $86.31. The stock has a fifty day moving average price of $72.53 and a 200-day moving average price of $76.32.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, October 26th. The bank reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). The company had revenue of $198.76 million during the quarter, compared to analysts’ expectations of $202.59 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same period in the previous year, the business earned $1.20 earnings per share. Equities research analysts predict that Bank of Hawaii will post 5.88 earnings per share 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 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 SEC, which is accessible through this hyperlink. 1.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BOH. CoreFirst Bank & Trust raised its position in Bank of Hawaii by 14.6% during the 1st quarter. CoreFirst Bank & Trust now owns 1,410 shares of the bank’s stock valued at $105,000 after purchasing an additional 180 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Bank of Hawaii by 23.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 985 shares of the bank’s stock worth $73,000 after purchasing an additional 185 shares during the period. Royal Bank of Canada increased its holdings in Bank of Hawaii by 1.1% during the first quarter. Royal Bank of Canada now owns 20,799 shares of the bank’s stock valued at $1,544,000 after buying an additional 223 shares during the period. PNC Financial Services Group Inc. raised its stake in Bank of Hawaii by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the bank’s stock worth $566,000 after buying an additional 246 shares in the last quarter. Finally, Wealth Alliance LLC raised its position in shares of Bank of Hawaii by 6.3% in the 1st quarter. Wealth Alliance LLC now owns 4,267 shares of the bank’s stock worth $317,000 after acquiring an additional 253 shares in the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii News Roundup

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

• Positive Sentiment: Shareholder returns were reinforced. Bank of Hawaii declared a quarterly dividend of $0.70 per share, equivalent to $2.80 annually and a yield of approximately 4%. The dividend is payable December 14 to shareholders of record November 30. Bank of Hawaii declares quarterly dividend
• Positive Sentiment: Buyback capacity increased. The bank added $200 million to its repurchase authorization and plans to buy back approximately $20 million of stock during the fourth quarter, potentially supporting per-share value. Bank of Hawaii buyback authorization
• Positive Sentiment: Some analysts remain constructive. A bullish analysis cited BOH’s dominant Hawaii market position, relatively low funding-cost pressure, 14.4% CET1 capital ratio, conservative real-estate lending and resilient credit quality, arguing that rate trends could provide upside. Bank of Hawaii rate tailwinds analysis
• Neutral Sentiment: Profitability improved year over year. Third-quarter net income rose 20.5% from the prior-year period to $64.3 million, while EPS increased to $1.49 from $1.20. However, EPS was only slightly above the linked quarter, suggesting limited sequential momentum. Bank of Hawaii third-quarter results
• Negative Sentiment: The earnings miss pressured the stock. Third-quarter EPS of $1.49 fell short of consensus estimates near $1.51-$1.52, while revenue of approximately $198.8 million also missed expectations of about $202.6 million. Investors appeared more focused on the disappointing estimates than on the increase in reported profit. Bank of Hawaii misses third-quarter estimates
• Negative Sentiment: Growth concerns remain. Analysts cited stagnating earnings, declining deposits, higher borrowings and modest asset-quality deterioration, along with BOH’s exposure to Hawaii’s concentrated economy and weather-related risks. Bank of Hawaii earnings growth analysis

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.