Analysts Set Bank of Hawaii Corporation (NYSE:BOH) PT at $81.80

Shares of Bank of Hawaii Corporation (NYSE:BOH) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $81.80.

A number of equities analysts have recently weighed in on BOH shares. Barclays upped their target price on Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th. Keefe, Bruyette & Woods upgraded shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $75.00 to $91.00 in a report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th. Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, DA Davidson lifted their target price on shares of Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday, January 27th.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $75.70 on Monday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 0.77 and a beta of 0.73. Bank of Hawaii has a 1-year low of $57.44 and a 1-year high of $80.61. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $74.46 and its 200-day simple moving average is $69.16.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.The firm had revenue of $189.65 million during the quarter, compared to the consensus estimate of $184.83 million. During the same period in the prior year, the business earned $0.85 EPS. On average, sell-side analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 60.61%.

Insider Transactions at Bank of Hawaii

In related news, CEO Peter S. Ho sold 15,000 shares of Bank of Hawaii stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the completion of the sale, the chief executive officer owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BOH. Federated Hermes Inc. increased its holdings in Bank of Hawaii by 1,736.0% in the third quarter. Federated Hermes Inc. now owns 35,380 shares of the bank’s stock worth $2,322,000 after buying an additional 33,453 shares during the last quarter. Peterson Wealth Services lifted its stake in Bank of Hawaii by 4,266.5% in the third quarter. Peterson Wealth Services now owns 17,466 shares of the bank’s stock valued at $1,146,000 after acquiring an additional 17,066 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Bank of Hawaii in the second quarter valued at approximately $3,222,000. Public Sector Pension Investment Board grew its position in Bank of Hawaii by 14.6% in the third quarter. Public Sector Pension Investment Board now owns 155,147 shares of the bank’s stock worth $10,184,000 after acquiring an additional 19,815 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new stake in Bank of Hawaii in the second quarter worth approximately $2,238,000. 82.18% of the stock is owned by institutional investors and hedge funds.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.