DA Davidson Increases Bank of Hawaii (NYSE:BOH) Price Target to $79.00

Bank of Hawaii (NYSE:BOH) had its target price raised by investment analysts at DA Davidson from $75.00 to $79.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. DA Davidson’s target price indicates a potential upside of 6.18% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Barclays increased their price target on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Stephens initiated coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $73.00.

Bank of Hawaii Stock Performance

Shares of NYSE BOH opened at $74.40 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a fifty day moving average price of $73.26 and a 200-day moving average price of $69.40. The stock has a market cap of $2.96 billion, a PE ratio of 22.34 and a beta of 1.05. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. Equities analysts anticipate that Bank of Hawaii will post 3.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bank of Hawaii

A number of large investors have recently bought and sold shares of the business. Choreo LLC purchased a new position in Bank of Hawaii in the fourth quarter valued at about $205,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bank of Hawaii by 18.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,757 shares of the bank’s stock valued at $2,024,000 after purchasing an additional 4,552 shares during the last quarter. Trust Point Inc. purchased a new position in Bank of Hawaii during the 4th quarter worth $204,000. Sippican Capital Advisors acquired a new position in Bank of Hawaii during the 4th quarter valued at about $215,000. Finally, Perigon Wealth Management LLC raised its stake in Bank of Hawaii by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after buying an additional 154 shares during the last quarter. 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.