Bank of Hawaii (NYSE:BOH) Price Target Increased to $66.00 by Analysts at Piper Sandler

Bank of Hawaii (NYSE:BOH) had its price objective lifted by Piper Sandler from $61.00 to $66.00 in a report published on Tuesday morning, Benzinga reports. Piper Sandler currently has an underweight rating on the bank’s stock.

A number of other equities analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $60.00 to $67.00 in a report on Wednesday, October 2nd. DA Davidson raised their target price on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Jefferies Financial Group raised their target price on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $64.80.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $72.78 on Tuesday. 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 one year low of $48.83 and a one year high of $75.19. The company’s 50-day simple moving average is $65.15 and its 200-day simple moving average is $61.92. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 7.30 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. The business had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $160.29 million. During the same quarter last year, the company posted $1.17 earnings per share. Equities analysts anticipate that Bank of Hawaii will post 3.4 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. Bank of Hawaii’s dividend payout ratio is presently 84.08%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bank of Hawaii during the second quarter valued at approximately $106,000. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii during the second quarter valued at approximately $119,000. UMB Bank n.a. increased its stake in shares of Bank of Hawaii by 5,508.3% during the third 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 acquired a new position in shares of Bank of Hawaii during the second quarter valued at approximately $172,000. Finally, Cadinha & Co. LLC acquired a new position in shares of Bank of Hawaii during the third quarter valued at approximately $218,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

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.