Bank of Hawaii (NYSE:BOH) Sets New 52-Week High – Time to Buy?

Bank of Hawaii Corporation (NYSE:BOH)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $83.18 and last traded at $82.9750, with a volume of 37439 shares. The stock had previously closed at $81.75.

Analyst Ratings Changes

Several research firms recently issued reports on BOH. Stephens upped their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Barclays increased their price objective on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Piper Sandler reduced their price objective on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Finally, DA Davidson boosted their target price on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.40.

Bank of Hawaii Trading Up 0.4%

The stock has a 50 day simple moving average of $78.20 and a 200-day simple moving average of $75.33. The firm has a market capitalization of $3.25 billion, a P/E ratio of 16.59, a P/E/G ratio of 0.86 and a beta of 0.71. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. The business had revenue of $192.32 million for the quarter, compared to the consensus estimate of $193.53 million. During the same period in the previous year, the firm earned $0.97 EPS. On average, equities research analysts forecast that Bank of Hawaii Corporation will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. Bank of Hawaii’s payout ratio is 56.57%.

Institutional Investors Weigh In On Bank of Hawaii

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOH. Danske Bank A S bought a new position in shares of Bank of Hawaii in the fourth quarter worth approximately $27,000. Western Wealth Management LLC bought a new stake in shares of Bank of Hawaii during the 1st quarter valued at $33,000. SHP Wealth Management purchased a new position in shares of Bank of Hawaii during the 4th quarter valued at $34,000. Quarry LP boosted its holdings in Bank of Hawaii by 1,497.2% in the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after buying an additional 539 shares during the period. Finally, Strs Ohio bought a new position in Bank of Hawaii in the 1st quarter worth $41,000. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.