Bank of Hawaii (NYSE:BOH) Price Target Raised to $74.00 at Keefe, Bruyette & Woods

Bank of Hawaii (NYSE:BOH) had its price target upped by equities researchers at Keefe, Bruyette & Woods from $67.00 to $74.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 2.17% from the company’s previous close.

Several other research analysts have also recently commented on BOH. Barclays boosted their target price on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday. DA Davidson upped their target price on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Piper Sandler lifted their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Jefferies Financial Group increased their price objective on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $64.00.

Bank of Hawaii Stock Up 0.1 %

Shares of BOH traded up $0.06 during mid-day trading on Tuesday, hitting $72.43. 17,510 shares of the company’s stock were exchanged, compared to its average volume of 318,187. The stock’s 50-day moving average is $64.98 and its 200-day moving average is $61.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii has a fifty-two week low of $48.83 and a fifty-two week high of $75.19. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 7.30 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. During the same period in the prior year, the business earned $1.17 EPS. On average, sell-side analysts anticipate that Bank of Hawaii will post 3.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BOH. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bank of Hawaii during the second quarter worth approximately $106,000. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii in the 2nd quarter valued at $119,000. UMB Bank n.a. increased its holdings in shares of Bank of Hawaii by 5,508.3% in the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after acquiring an additional 2,644 shares during the period. Rothschild Investment LLC purchased a new stake in Bank of Hawaii in the 2nd quarter valued at $172,000. Finally, Bridges Investment Management Inc. acquired a new stake in Bank of Hawaii during the 2nd quarter worth $205,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

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.