Barclays Forecasts Strong Price Appreciation for Bank of Hawaii (NYSE:BOH) Stock

Bank of Hawaii (NYSE:BOH) had its price target upped by Barclays from $56.00 to $66.00 in a research note issued to investors on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the bank’s stock.

BOH has been the subject of a number of other research reports. Keefe, Bruyette & Woods increased their price target on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday. DA Davidson increased their target price on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Piper Sandler boosted their price target on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Stephens began coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.83.

Bank of Hawaii Trading Down 1.9 %

NYSE BOH opened at $76.51 on Thursday. Bank of Hawaii has a 52-week low of $54.50 and a 52-week high of $82.70. The firm has a 50-day moving average price of $71.87 and a 200 day moving average price of $65.40. The stock has a market capitalization of $3.04 billion, a P/E ratio of 22.98, a P/E/G ratio of 5.12 and a beta of 1.03. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The business had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. During the same period last year, the firm earned $1.17 EPS. Equities research analysts expect that Bank of Hawaii will post 3.52 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Insider Transactions at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOH. Victory Capital Management Inc. grew its position in shares of Bank of Hawaii by 13.1% in the second quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock valued at $93,533,000 after purchasing an additional 189,878 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Bank of Hawaii during the 3rd quarter worth about $70,960,000. State Street Corp boosted its holdings in shares of Bank of Hawaii by 5.0% in the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after purchasing an additional 106,717 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bank of Hawaii by 14.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock valued at $45,167,000 after buying an additional 98,465 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Bank of Hawaii by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock worth $38,652,000 after buying an additional 54,078 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.