Bank of Hawaii (NYSE:BOH) Given New $66.00 Price Target at Piper Sandler

Bank of Hawaii (NYSE:BOH) had its target price lifted by Piper Sandler from $61.00 to $66.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an underweight rating on the bank’s stock.

Other analysts also recently issued reports about the stock. Jefferies Financial Group lifted their price objective 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. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $60.00 to $67.00 in a research report on Wednesday, October 2nd. Finally, DA Davidson lifted their price objective on Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.80.

Bank of Hawaii Stock Up 0.2 %

Shares of NYSE BOH opened at $72.37 on Tuesday. The stock has a market capitalization of $2.88 billion, a P/E ratio of 21.73, a P/E/G ratio of 7.61 and a beta of 1.02. The company has a 50-day moving average price of $65.55 and a 200-day moving average price of $62.16. Bank of Hawaii has a 1 year low of $51.07 and a 1 year high of $75.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same period in the prior year, the firm earned $1.17 EPS. On average, equities research analysts forecast that Bank of Hawaii will post 3.57 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, October 29th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Tuesday, October 29th. Bank of Hawaii’s payout ratio is 84.08%.

Insider Activity at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction that occurred on 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 transaction, the insider now directly owns 13,717 shares in the company, valued at approximately $991,327.59. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Bank of Hawaii in the 2nd quarter valued at approximately $106,000. Point72 DIFC Ltd purchased a new stake in Bank of Hawaii during the 2nd quarter worth about $119,000. UMB Bank n.a. raised its holdings in 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 worth $169,000 after purchasing an additional 2,644 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Bank of Hawaii in the second quarter valued at $172,000. Finally, Bridges Investment Management Inc. purchased a new position in Bank of Hawaii during the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

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.