Bank of Hawaii (NYSE:BOH) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Bank of Hawaii Co. (NYSE:BOH)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $68.37 and traded as high as $72.60. Bank of Hawaii shares last traded at $71.24, with a volume of 368,210 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BOH. Stephens began coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target on the stock. DA Davidson increased their target price on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler boosted their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Barclays upped their target price on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.83.

Bank of Hawaii Stock Performance

The company has a market capitalization of $2.83 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 4.86 and a beta of 1.05. The company’s 50 day moving average is $74.54 and its 200-day moving average is $68.37. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The firm had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. During the same quarter in the previous year, the business earned $1.17 earnings per share. Equities analysts anticipate that Bank of Hawaii Co. will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.93%. Bank of Hawaii’s dividend payout ratio is presently 84.08%.

Insider Activity at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the transaction, the insider now owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA boosted its stake in shares of Bank of Hawaii by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock worth $396,000 after acquiring an additional 182 shares during the period. Harrington Investments INC raised its stake in Bank of Hawaii by 2.3% during the 3rd quarter. Harrington Investments INC now owns 20,156 shares of the bank’s stock valued at $1,265,000 after purchasing an additional 450 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Bank of Hawaii by 29.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after purchasing an additional 536 shares in the last quarter. Stifel Financial Corp boosted its stake in Bank of Hawaii by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 68,757 shares of the bank’s stock worth $4,316,000 after purchasing an additional 788 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Bank of Hawaii by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 23,655 shares of the bank’s stock valued at $1,477,000 after buying an additional 789 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Company Profile

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.