Bank of Hawaii Corp. (BOH) Price Target Raised to $72.00
Bank of Hawaii Corp. (NYSE:BOH) had its price objective increased by equities research analysts at Royal Bank Of Canada from $68.00 to $72.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential downside of 2.48% from the stock’s current price.
BOH has been the subject of a number of other research reports. Zacks Investment Research raised shares of Bank of Hawaii Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. DA Davidson increased their target price on shares of Bank of Hawaii Corp. from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 26th. Piper Jaffray Cos. assumed coverage on shares of Bank of Hawaii Corp. in a research report on Friday, July 8th. They issued a “neutral” rating and a $70.00 target price for the company. Finally, Macquarie increased their target price on shares of Bank of Hawaii Corp. from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 26th. Nine investment analysts have rated the stock with a hold rating, Bank of Hawaii Corp. has a consensus rating of “Hold” and an average price target of $69.70.
Bank of Hawaii Corp. (NYSE:BOH) traded up 0.12% during trading on Tuesday, reaching $73.83. 185,511 shares of the company’s stock were exchanged. The company has a market capitalization of $3.16 billion, a PE ratio of 18.61 and a beta of 0.99. The company’s 50-day moving average is $71.70 and its 200-day moving average is $69.53. Bank of Hawaii Corp. has a 1-year low of $54.55 and a 1-year high of $73.95.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/09/bank-of-hawaii-corp-boh-price-target-raised-to-72-00.html
Bank of Hawaii Corp. (NYSE:BOH) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. Bank of Hawaii Corp. had a net margin of 26.96% and a return on equity of 15.21%. The firm earned $150.10 million during the quarter, compared to analyst estimates of $149.13 million. During the same quarter last year, the business posted $0.95 EPS. The company’s revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Bank of Hawaii Corp. will post $4.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.60%. Bank of Hawaii Corp.’s dividend payout ratio is currently 48.36%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOH. Victory Capital Management Inc. increased its position in Bank of Hawaii Corp. by 77.6% in the second quarter. Victory Capital Management Inc. now owns 1,717 shares of the company’s stock worth $118,000 after buying an additional 750 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of Bank of Hawaii Corp. during the second quarter valued at approximately $140,000. Liberty Capital Management Inc. purchased a new position in shares of Bank of Hawaii Corp. during the third quarter valued at approximately $173,000. LS Investment Advisors LLC increased its position in shares of Bank of Hawaii Corp. by 74.7% in the second quarter. LS Investment Advisors LLC now owns 2,579 shares of the company’s stock valued at $177,000 after buying an additional 1,103 shares during the period. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of Bank of Hawaii Corp. during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 76.08% of the company’s stock.
About Bank of Hawaii Corp.
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
Receive News & Ratings for Bank of Hawaii Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii Corp. and related companies with MarketBeat.com's FREE daily email newsletter.