Bank of Hawaii (NYSE:BOH) Price Target Raised to $74.00

Bank of Hawaii (NYSE:BOH) had its price objective boosted by DA Davidson from $65.00 to $74.00 in a report published on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the bank’s stock. DA Davidson also issued estimates for Bank of Hawaii’s Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $3.57 EPS and FY2025 earnings at $3.70 EPS.

A number of other analysts have also issued reports on BOH. Barclays boosted their target price on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research report on Tuesday. Piper Sandler increased their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research report on Tuesday. Finally, Jefferies Financial Group increased their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $64.80.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $72.26 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 7.61 and a beta of 1.05. The company’s 50-day moving average price is $65.30 and its 200-day moving average price is $61.99. Bank of Hawaii has a twelve month low of $48.83 and a twelve month high of $75.19.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $265.76 million during the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, equities analysts predict that Bank of Hawaii will post 3.57 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, October 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.88%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 84.08%.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Bank of Hawaii

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System increased its stake in shares of Bank of Hawaii by 299.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 44,694 shares of the bank’s stock worth $2,788,000 after acquiring an additional 33,495 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bank of Hawaii in the first quarter valued at about $696,000. TIAA Trust National Association purchased a new stake in Bank of Hawaii during the first quarter worth about $2,357,000. Quantbot Technologies LP purchased a new position in Bank of Hawaii in the first quarter valued at about $1,664,000. Finally, Swedbank AB lifted its position in shares of Bank of Hawaii by 3.6% during the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank’s stock valued at $41,477,000 after acquiring an additional 25,000 shares during the period. 82.18% of the stock is owned by hedge funds and other institutional investors.

About Bank of Hawaii

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.