Bank of Hawaii (NYSE:BOH) Given New $74.00 Price Target at Keefe, Bruyette & Woods

Bank of Hawaii (NYSE:BOH) had its target price upped by Keefe, Bruyette & Woods from $67.00 to $74.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 2.17% from the stock’s previous close.

BOH has been the topic of several other research reports. Jefferies Financial Group lifted their target price on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. DA Davidson upped their price objective on shares of Bank of Hawaii from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Piper Sandler raised their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Barclays upped their price target on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and a consensus price target of $64.00.

Bank of Hawaii Price Performance

Bank of Hawaii stock traded up $0.06 during midday trading on Tuesday, reaching $72.43. The company had a trading volume of 17,510 shares, compared to its average volume of 318,187. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii has a 12-month low of $48.83 and a 12-month high of $75.19. The company has a market capitalization of $2.88 billion, a P/E ratio of 20.29, a P/E/G ratio of 7.30 and a beta of 1.05. The firm’s fifty day simple moving average is $64.98 and its 200-day simple moving average is $61.81.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The business had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same quarter last year, the business posted $1.17 earnings per share. As a group, equities analysts anticipate that Bank of Hawaii will post 3.4 EPS for the current year.

Institutional Trading of Bank of Hawaii

Institutional investors have recently made changes to their positions in the company. J.W. Cole Advisors Inc. raised its position in Bank of Hawaii by 23.8% in the first quarter. J.W. Cole Advisors Inc. now owns 8,008 shares of the bank’s stock valued at $494,000 after purchasing an additional 1,539 shares during the period. Prosperity Consulting Group LLC acquired a new stake in shares of Bank of Hawaii during the first quarter valued at about $386,000. BNP Paribas Financial Markets raised its stake in shares of Bank of Hawaii by 92.7% in the 1st quarter. BNP Paribas Financial Markets now owns 21,036 shares of the bank’s stock valued at $1,312,000 after acquiring an additional 10,120 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Bank of Hawaii in the 1st quarter worth approximately $244,000. Finally, Texas Permanent School Fund Corp boosted its position in shares of Bank of Hawaii by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 34,790 shares of the bank’s stock worth $2,171,000 after purchasing an additional 465 shares during the period. Hedge funds and other institutional investors own 82.18% of the company’s stock.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.