Bank of Hawaii (NYSE:BOH) Price Target Cut to $50.00

Bank of Hawaii (NYSE:BOH) had its price target reduced by research analysts at Barclays from $51.00 to $50.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the bank’s stock. Barclays‘s price target would suggest a potential downside of 14.76% from the company’s current price.

BOH has been the topic of a number of other reports. StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Piper Sandler dropped their target price on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group decreased their price target on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a report on Tuesday. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $52.20.

Bank of Hawaii Stock Up 0.8 %

Shares of NYSE BOH opened at $58.66 on Tuesday. Bank of Hawaii has a 12-month low of $30.83 and a 12-month high of $75.19. The stock has a market cap of $2.33 billion, a P/E ratio of 15.12, a PEG ratio of 1.96 and a beta of 1.06. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $60.37 and its 200-day simple moving average is $60.80.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $252.64 million for the quarter, compared to analyst estimates of $160.79 million. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, equities analysts predict that Bank of Hawaii will post 3.72 EPS for the current fiscal year.

Institutional Trading of Bank of Hawaii

Several institutional investors and hedge funds have recently made changes to their positions in BOH. Victory Capital Management Inc. grew its stake in Bank of Hawaii by 28.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock worth $131,789,000 after buying an additional 590,492 shares during the last quarter. Norges Bank acquired a new position in shares of Bank of Hawaii in the 4th quarter valued at $29,508,000. Newport Trust Company LLC acquired a new position in shares of Bank of Hawaii in the 3rd quarter valued at $20,170,000. Goldman Sachs Group Inc. raised its position in Bank of Hawaii by 105.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock valued at $32,718,000 after purchasing an additional 231,909 shares during the last quarter. Finally, North Reef Capital Management LP acquired a new stake in Bank of Hawaii during the 3rd quarter worth $8,479,000. 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.