Bank of Hawaii Corporation (NYSE:BOH) Receives $73.17 Average Price Target from Brokerages

Bank of Hawaii Corporation (NYSE:BOH) has received a consensus rating of “Reduce” from the six research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $73.17.

Separately, Barclays boosted their target price on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an “underweight” rating in a research report on Tuesday, April 22nd.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the transaction, the insider now directly owns 6,442 shares in the company, valued at $426,138.30. This represents a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

Hedge funds have recently modified their holdings of the stock. Swiss National Bank lifted its holdings in shares of Bank of Hawaii by 0.8% in the fourth quarter. Swiss National Bank now owns 78,137 shares of the bank’s stock worth $5,566,000 after buying an additional 600 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Bank of Hawaii by 188.8% in the fourth quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank’s stock worth $17,817,000 after buying an additional 163,503 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock worth $13,729,000 after buying an additional 5,451 shares in the last quarter. Norges Bank purchased a new position in shares of Bank of Hawaii in the fourth quarter worth $27,495,000. Finally, Marble Harbor Investment Counsel LLC lifted its holdings in shares of Bank of Hawaii by 8.0% in the fourth quarter. Marble Harbor Investment Counsel LLC now owns 89,304 shares of the bank’s stock worth $6,362,000 after buying an additional 6,610 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

Shares of NYSE BOH opened at $67.82 on Thursday. The firm has a 50 day moving average of $67.19 and a 200 day moving average of $68.88. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.77. Bank of Hawaii has a 12-month low of $55.75 and a 12-month high of $82.70.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million during the quarter, compared to analyst estimates of $168.65 million. Bank of Hawaii had a net margin of 15.12% and a return on equity of 12.16%. During the same period in the previous year, the business posted $0.87 earnings per share. On average, research analysts anticipate that Bank of Hawaii will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.13%. Bank of Hawaii’s payout ratio is currently 78.65%.

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.