Brokerages Set Bank of Hawaii Corporation (NYSE:BOH) Target Price at $85.40

Shares of Bank of Hawaii Corporation (NYSE:BOH) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $85.80.

Several research firms have weighed in on BOH. Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Benchmark started coverage on Bank of Hawaii in a report on Wednesday. They set a “hold” rating on the stock. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Stephens upped their price target on shares of Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, DA Davidson increased their price objective on shares of Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. DF Dent & Co. Inc. grew its position in Bank of Hawaii by 4.8% in the third quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after acquiring an additional 157 shares in the last quarter. Hantz Financial Services Inc. raised its position in Bank of Hawaii by 11.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank’s stock valued at $104,000 after purchasing an additional 160 shares during the period. First Affirmative Financial Network lifted its stake in shares of Bank of Hawaii by 5.6% in the 3rd quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock valued at $220,000 after purchasing an additional 178 shares during the last quarter. CoreFirst Bank & Trust lifted its stake in shares of Bank of Hawaii by 14.6% in the 1st quarter. CoreFirst Bank & Trust now owns 1,410 shares of the bank’s stock valued at $105,000 after purchasing an additional 180 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Bank of Hawaii by 23.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 985 shares of the bank’s stock worth $73,000 after purchasing an additional 185 shares during the period. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock opened at $81.96 on Friday. The stock’s 50-day simple moving average is $78.87 and its 200-day simple moving average is $76.17. Bank of Hawaii has a 52 week low of $59.36 and a 52 week high of $83.81. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.86 and a beta of 0.70. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The business had revenue of $192.32 million during the quarter, compared to analysts’ expectations of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same period in the prior year, the firm posted $0.97 earnings per share. As a group, analysts expect that Bank of Hawaii will post 5.89 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a $0.70 dividend. 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%.

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.