Bank of Hawaii (NYSE:BOH) Raised to “Outperform” at Keefe, Bruyette & Woods

Bank of Hawaii (NYSE:BOH) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Monday, FinViz reports. The firm currently has a $85.00 price objective on the bank’s stock. Keefe, Bruyette & Woods‘s price target points to a potential upside of 20.07% from the company’s current price.

A number of other research firms have also recently issued reports on BOH. Barclays lowered their price objective on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. DA Davidson restated a “neutral” rating and issued a $75.00 target price on shares of Bank of Hawaii in a research report on Tuesday, October 27th. Stephens decreased their target price on shares of Bank of Hawaii from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. Piper Sandler lowered their price target on shares of Bank of Hawaii from $85.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Finally, Weiss Ratings cut Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $79.80.

Bank of Hawaii Price Performance

Shares of BOH stock traded up $1.15 on Monday, reaching $70.79. The company had a trading volume of 190,098 shares, compared to its average volume of 410,386. The stock has a market capitalization of $2.78 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.75 and a beta of 0.72. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.58. Bank of Hawaii has a one year low of $62.54 and a one year high of $86.31. The business’s 50-day moving average is $71.19 and its 200 day moving average is $76.30.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 26th. The bank reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The company had revenue of $198.76 million during the quarter, compared to analyst estimates of $202.59 million. Bank of Hawaii had a net margin of 22.89% and a return on equity of 16.35%. During the same quarter in the previous year, the business posted $1.20 earnings per share. Equities research analysts forecast that Bank of Hawaii will post 5.86 EPS for the current fiscal year.

Institutional Trading of Bank of Hawaii

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Bank of Hawaii during the 2nd quarter worth about $470,538,000. NFJ Investment Group LLC bought a new position in shares of Bank of Hawaii during the 2nd quarter worth about $39,758,000. Bank of New York Mellon Corp acquired a new stake in shares of Bank of Hawaii in the 2nd quarter valued at about $37,864,000. Bank of America Corp DE bought a new stake in Bank of Hawaii in the 2nd quarter valued at about $28,074,000. Finally, Basswood Capital Management L.L.C. bought a new stake in Bank of Hawaii in the 2nd quarter valued at about $26,443,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

About Bank of Hawaii

Bank of Hawaii Corporation is a bank holding company headquartered in Honolulu. Founded in 1897, it provides banking and financial services to individuals, businesses and public-sector organizations, primarily in Hawaii.

The company offers consumer banking services such as checking and savings accounts, certificates of deposit, mortgages, personal loans and credit cards. It also provides commercial banking, including business lending, deposit accounts and cash management services.

Additional services include wealth management, investment and trust services.