Bank of Hawaii Co. (NYSE:BOH) Given Average Recommendation of “Reduce” by Brokerages

Bank of Hawaii Co. (NYSE:BOH) has received an average recommendation of “Reduce” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $60.40.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods upgraded Bank of Hawaii from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $60.00 to $67.00 in a research note on Wednesday, October 2nd. DA Davidson upped their target price on Bank of Hawaii from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Piper Sandler downgraded shares of Bank of Hawaii from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $70.00 to $61.00 in a research report on Monday, August 12th.

Institutional Trading of Bank of Hawaii

A number of institutional investors and hedge funds have recently modified their holdings of BOH. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Bank of Hawaii by 11.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,205 shares of the bank’s stock valued at $1,511,000 after buying an additional 2,566 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Bank of Hawaii during the third quarter valued at approximately $70,960,000. Harrington Investments INC grew its holdings in shares of Bank of Hawaii by 2.3% during the third 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 last quarter. UMB Bank n.a. raised its position in shares of Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after purchasing an additional 2,644 shares during the period. Finally, Cadinha & Co. LLC bought a new stake in shares of Bank of Hawaii in the 3rd quarter worth approximately $218,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $64.90 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 7.41 and a beta of 1.05. 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 1-year low of $46.31 and a 1-year high of $75.19. The business has a 50-day moving average of $64.76 and a 200-day moving average of $61.61.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. The firm had revenue of $255.62 million for the quarter, compared to analysts’ expectations of $157.12 million. During the same quarter in the prior year, the business earned $1.12 EPS. On average, equities analysts anticipate that Bank of Hawaii will post 3.4 EPS for the current fiscal year.

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.