Bank of Hawaii Co. (NYSE:BOH) Receives $60.40 Consensus PT from Brokerages

Bank of Hawaii Co. (NYSE:BOH) has been given a consensus rating of “Reduce” by the five analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $60.40.

BOH has been the topic of a number of recent research reports. Jefferies Financial Group increased their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. DA Davidson increased their price target on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $60.00 to $67.00 in a research note on Wednesday, October 2nd. Finally, Piper Sandler cut shares of Bank of Hawaii from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $70.00 to $61.00 in a research note on Monday, August 12th.

Institutional Trading of Bank of Hawaii

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Swedbank AB bought a new position in Bank of Hawaii in the first quarter valued at $43,673,000. Goldman Sachs Group Inc. boosted its holdings in shares of Bank of Hawaii by 105.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock worth $32,718,000 after purchasing an additional 231,909 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Bank of Hawaii by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock valued at $93,533,000 after buying an additional 189,878 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Bank of Hawaii in the 3rd quarter worth approximately $70,960,000. Finally, Dimensional Fund Advisors LP boosted its stake in Bank of Hawaii by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock worth $45,167,000 after buying an additional 98,465 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Down 1.0 %

Bank of Hawaii stock opened at $66.03 on Friday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 7.22 and a beta of 1.05. The firm has a 50 day simple moving average of $64.85 and a 200 day simple moving average of $61.70. Bank of Hawaii has a 1-year low of $47.15 and a 1-year high of $75.19. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.

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.