Bank of Hawaii (NYSE:BOH) had its price target boosted by Barclays from $85.00 to $92.00 in a research note published on Tuesday, January 2nd, MarketBeat Ratings reports. The brokerage currently has an equal weight rating on the bank’s stock.
BOH has been the subject of several other reports. Zacks Investment Research raised Bank of Hawaii from a sell rating to a hold rating in a research report on Tuesday, October 3rd. Morgan Stanley increased their price target on Bank of Hawaii from $76.00 to $88.00 and gave the company an underweight rating in a research report on Wednesday, December 13th. Jefferies Group reissued a hold rating and set a $92.00 price target on shares of Bank of Hawaii in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reissued a hold rating and set a $92.00 price target on shares of Bank of Hawaii in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reissued a hold rating and set a $90.50 price target on shares of Bank of Hawaii in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Bank of Hawaii presently has a consensus rating of Hold and a consensus target price of $92.25.
Bank of Hawaii (BOH) opened at $88.62 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3,732.60, a PE ratio of 20.37, a PEG ratio of 2.00 and a beta of 0.97. Bank of Hawaii has a 52-week low of $74.72 and a 52-week high of $90.20.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. The firm had revenue of $158.73 million during the quarter, compared to analysts’ expectations of $163.29 million. During the same period in the prior year, the firm posted $1.02 earnings per share. research analysts anticipate that Bank of Hawaii will post 4.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.08 annualized dividend and a yield of 2.35%. Bank of Hawaii’s dividend payout ratio is 47.82%.
Bank of Hawaii announced that its board has initiated a stock repurchase plan on Monday, October 23rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
A number of large investors have recently added to or reduced their stakes in BOH. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Bank of Hawaii by 1.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,436 shares of the bank’s stock worth $512,000 after purchasing an additional 87 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Bank of Hawaii by 0.5% during the second quarter. Mutual of America Capital Management LLC now owns 34,679 shares of the bank’s stock worth $2,877,000 after purchasing an additional 176 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Bank of Hawaii by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 12,782 shares of the bank’s stock worth $1,061,000 after purchasing an additional 211 shares during the period. Comerica Bank increased its stake in shares of Bank of Hawaii by 0.8% during the second quarter. Comerica Bank now owns 33,502 shares of the bank’s stock worth $2,800,000 after purchasing an additional 280 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Bank of Hawaii by 1.8% during the second quarter. Prudential Financial Inc. now owns 26,871 shares of the bank’s stock worth $2,229,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors own 75.66% of the company’s stock.
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Bank of Hawaii Company Profile
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 products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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