Piper Sandler Has Lowered Expectations for Bank of Hawaii (NYSE:BOH) Stock Price

Bank of Hawaii (NYSE:BOH) had its target price lowered by Piper Sandler from $84.00 to $78.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Piper Sandler’s price target would indicate a potential upside of 6.63% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Stephens reaffirmed an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. DA Davidson increased their price objective on shares of Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Tuesday, January 27th. Keefe, Bruyette & Woods upgraded shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $75.00 to $91.00 in a research note on Tuesday, January 27th. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Zacks Research raised Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bank of Hawaii presently has an average rating of “Moderate Buy” and a consensus price target of $83.20.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $73.15 on Thursday. Bank of Hawaii has a 12-month low of $57.44 and a 12-month high of $80.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73. The business has a 50 day simple moving average of $75.53 and a 200 day simple moving average of $69.80.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.The firm had revenue of $189.65 million for the quarter, compared to the consensus estimate of $184.83 million. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities research analysts anticipate that Bank of Hawaii will post 3.97 EPS for the current year.

Insider Activity at Bank of Hawaii

In related news, CEO Peter S. Ho sold 15,000 shares of Bank of Hawaii stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the transaction, the chief executive officer directly owned 156,774 shares in the company, valued at $10,640,251.38. The trade was a 8.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.97% of the company’s stock.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Bank of Hawaii by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock valued at $312,139,000 after buying an additional 26,821 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bank of Hawaii by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,517 shares of the bank’s stock valued at $74,149,000 after acquiring an additional 35,065 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of Bank of Hawaii by 122.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after acquiring an additional 557,148 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Bank of Hawaii by 36.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock valued at $59,166,000 after acquiring an additional 229,806 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Bank of Hawaii by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 655,639 shares of the bank’s stock worth $43,036,000 after purchasing an additional 2,175 shares during the period. Hedge funds and other 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.