Bank of Hawaii Corporation (NYSE:BOH) Stock Has Consensus Price Target of $78.40 According to Analysts

Shares of Bank of Hawaii Corporation (NYSE:BOH) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $78.40.

A number of analysts have recently commented on BOH shares. DA Davidson reissued a “neutral” rating and issued a $75.00 price objective on shares of Bank of Hawaii in a research note on Tuesday, October 27th. Weiss Ratings cut Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Keefe, Bruyette & Woods cut Bank of Hawaii from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $85.00 to $78.00 in a research note on Tuesday, October 27th. Stephens lowered their target price on Bank of Hawaii from $82.00 to $76.00 and set an “equal weight” rating on the stock in a report on Monday, November 2nd. Finally, Barclays dropped their price target on shares of 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.

Bank of Hawaii Price Performance

NYSE:BOH traded down $0.37 during midday trading on Friday, hitting $69.57. 268,697 shares of the stock were exchanged, compared to its average volume of 425,676. Bank of Hawaii has a one year low of $62.54 and a one year high of $86.31. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 0.87 and a beta of 0.72. The business has a 50-day moving average price of $71.19 and a two-hundred day moving average price of $76.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 26th. The bank reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The firm had revenue of $198.76 million during the quarter, compared to analyst estimates of $202.59 million. Bank of Hawaii had a return on equity of 16.35% and a net margin of 22.89%. During the same quarter last year, the company earned $1.20 earnings per share. Sell-side analysts predict that Bank of Hawaii will post 5.86 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, November 30th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, November 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. Bank of Hawaii’s dividend payout ratio (DPR) is 49.56%.

Institutional Trading of Bank of Hawaii

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Bank of Hawaii during the second quarter valued at approximately $470,538,000. Dimensional Fund Advisors LP boosted its holdings in Bank of Hawaii by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,106,873 shares of the bank’s stock worth $82,182,000 after buying an additional 22,356 shares in the last quarter. NFJ Investment Group LLC acquired a new position in Bank of Hawaii in the second quarter worth approximately $39,758,000. Bank of New York Mellon Corp acquired a new position in Bank of Hawaii in the second quarter worth approximately $37,864,000. Finally, Bank of America Corp DE acquired a new position in Bank of Hawaii in the second quarter worth approximately $28,074,000. 82.18% of the stock is currently owned by institutional investors.

About Bank of Hawaii

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.