Barclays Issues Positive Forecast for Bank of Hawaii (NYSE:BOH) Stock Price

Bank of Hawaii (NYSE:BOH) had its target price increased by Barclays from $86.00 to $88.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective suggests a potential upside of 5.92% from the company’s current price.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. DA Davidson lifted their price target on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Piper Sandler lowered their price objective on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Finally, Wall Street Zen downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.80.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $83.08 on Tuesday. The business’s 50 day simple moving average is $78.63 and its 200-day simple moving average is $75.93. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. Bank of Hawaii has a 12 month low of $59.36 and a 12 month high of $83.81.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.The firm had revenue of $192.32 million during the quarter, compared to analyst estimates of $193.53 million. During the same quarter in the prior year, the company earned $0.97 EPS. As a group, equities analysts forecast that Bank of Hawaii will post 5.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Bank of Hawaii by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock worth $312,139,000 after buying an additional 26,821 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bank of Hawaii by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,106,873 shares of the bank’s stock valued at $82,182,000 after buying an additional 22,356 shares during the period. Balyasny Asset Management L.P. boosted its position in 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 worth $66,464,000 after acquiring an additional 557,148 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Bank of Hawaii by 36.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock worth $59,166,000 after acquiring an additional 229,806 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Bank of Hawaii by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,552 shares of the bank’s stock worth $35,043,000 after acquiring an additional 1,592 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

About Bank of Hawaii

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.