Recent Research Analysts’ Ratings Changes for Bank of Hawaii (BOH)

Several brokerages have updated their recommendations and price targets on shares of Bank of Hawaii (NYSE: BOH) in the last few weeks:

• 10/29/2024 – Bank of Hawaii had its price target raised by analysts at Barclays PLC from $50.00 to $56.00. They now have an “underweight” rating on the stock.
• 10/29/2024 – Bank of Hawaii had its price target raised by analysts at Piper Sandler from $61.00 to $66.00. They now have an “underweight” rating on the stock.
• 10/29/2024 – Bank of Hawaii had its price target raised by analysts at DA Davidson from $65.00 to $74.00. They now have a “neutral” rating on the stock.
• 10/29/2024 – Bank of Hawaii had its price target raised by analysts at Keefe, Bruyette & Woods from $67.00 to $74.00. They now have a “market perform” rating on the stock.
• 10/2/2024 – Bank of Hawaii was upgraded by analysts at Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating. They now have a $67.00 price target on the stock, up previously from $60.00.

Bank of Hawaii Stock Performance

NYSE BOH traded up $6.92 during trading hours on Wednesday, reaching $80.10. The stock had a trading volume of 385,895 shares, compared to its average volume of 321,261. Bank of Hawaii Co. has a 52-week low of $51.18 and a 52-week high of $81.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $3.18 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 7.55 and a beta of 1.03. The stock has a fifty day moving average of $65.75 and a 200 day moving average of $62.45.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same quarter last year, the company posted $1.17 earnings per share. Sell-side analysts predict that Bank of Hawaii Co. will post 3.57 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, October 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

Insider Activity at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the sale, the insider now directly owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.47% of the stock is owned by company insiders.

Institutional Trading of Bank of Hawaii

A number of institutional investors have recently made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its holdings in shares of Bank of Hawaii by 0.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 21,787 shares of the bank’s stock worth $1,359,000 after acquiring an additional 176 shares during the last quarter. Arizona State Retirement System increased its stake in Bank of Hawaii by 1.9% during the second quarter. Arizona State Retirement System now owns 11,134 shares of the bank’s stock worth $637,000 after purchasing an additional 210 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Bank of Hawaii by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock valued at $1,144,000 after purchasing an additional 300 shares during the period. Harrington Investments INC grew its holdings in shares of Bank of Hawaii by 2.0% in the second quarter. Harrington Investments INC now owns 19,706 shares of the bank’s stock valued at $1,127,000 after purchasing an additional 394 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in Bank of Hawaii by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 34,790 shares of the bank’s stock worth $2,171,000 after buying an additional 465 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

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.