Bank of Hawaii Co. (NYSE:BOH) Receives $72.67 Average Price Target from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have been given an average recommendation of “Reduce” by the six analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $72.67.

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. DA Davidson lifted their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, Barclays dropped their price target on shares of Bank of Hawaii from $66.00 to $64.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at $688,708.84. The trade was a 17.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the sale, the insider now directly owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOH. Harrington Investments INC boosted its stake in shares of Bank of Hawaii by 2.6% during the 1st quarter. Harrington Investments INC now owns 20,023 shares of the bank’s stock valued at $1,381,000 after buying an additional 510 shares during the period. Parallel Advisors LLC boosted its position in Bank of Hawaii by 1,087.5% during the first quarter. Parallel Advisors LLC now owns 2,185 shares of the bank’s stock valued at $151,000 after purchasing an additional 2,001 shares during the last quarter. GAMMA Investing LLC boosted its position in Bank of Hawaii by 7,070.2% during the first quarter. GAMMA Investing LLC now owns 45,244 shares of the bank’s stock valued at $3,120,000 after purchasing an additional 44,613 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Bank of Hawaii by 80.2% in the first quarter. Versant Capital Management Inc now owns 391 shares of the bank’s stock valued at $27,000 after acquiring an additional 174 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Bank of Hawaii in the 4th quarter valued at about $224,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Performance

BOH stock opened at $62.02 on Friday. The company has a 50-day simple moving average of $68.75 and a 200 day simple moving average of $70.87. The company has a market capitalization of $2.47 billion, a P/E ratio of 17.92 and a beta of 0.87. 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 has a fifty-two week low of $54.50 and a fifty-two week high of $82.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Sell-side analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 4.51%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

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.