Bank of Hawaii (NYSE:BOH) PT Raised to $58.00

Bank of Hawaii (NYSE:BOH) had its price objective increased by Keefe, Bruyette & Woods from $55.00 to $58.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “underperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 1.13% from the company’s previous close.

BOH has been the subject of a number of other reports. Barclays began coverage on Bank of Hawaii in a research report on Friday, March 8th. They set an “underweight” rating and a $51.00 price objective for the company. Piper Sandler reduced their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com raised Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group reduced their price target on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a report on Monday, April 8th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $52.20.

Bank of Hawaii Stock Up 0.8 %

Bank of Hawaii stock opened at $58.66 on Tuesday. Bank of Hawaii has a twelve month low of $30.83 and a twelve month high of $75.19. The stock has a 50 day moving average of $60.37 and a two-hundred day moving average of $60.80. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.96 and a beta of 1.06.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The company had revenue of $252.64 million for the quarter, compared to analyst estimates of $160.79 million. During the same period in the previous year, the business posted $1.14 earnings per share. As a group, research analysts expect that Bank of Hawaii will post 3.72 earnings per share for the current year.

Institutional Trading of Bank of Hawaii

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Congress Asset Management Co. MA increased its position in Bank of Hawaii by 0.4% during the 4th quarter. Congress Asset Management Co. MA now owns 48,987 shares of the bank’s stock worth $3,550,000 after purchasing an additional 185 shares in the last quarter. Harrington Investments INC increased its position in Bank of Hawaii by 1.1% during the 4th quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock worth $1,355,000 after purchasing an additional 200 shares in the last quarter. Bleakley Financial Group LLC increased its position in Bank of Hawaii by 2.5% during the 4th quarter. Bleakley Financial Group LLC now owns 8,424 shares of the bank’s stock worth $610,000 after purchasing an additional 206 shares in the last quarter. Covestor Ltd increased its position in Bank of Hawaii by 17.1% during the 3rd quarter. Covestor Ltd now owns 1,429 shares of the bank’s stock worth $71,000 after purchasing an additional 209 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. increased its position in Bank of Hawaii by 6.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,773 shares of the bank’s stock worth $346,000 after purchasing an additional 273 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

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.