Analysts Set Bank of Hawaii Co. (BOH) Target Price at $86.50

Bank of Hawaii Co. (NYSE:BOH) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $86.50.

BOH has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $85.00 target price on shares of Bank of Hawaii in a research note on Friday, September 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $77.00 target price (up from $75.00) on shares of Bank of Hawaii in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $90.50 target price on shares of Bank of Hawaii in a research note on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 target price on shares of Bank of Hawaii in a research note on Tuesday, October 24th.

Shares of Bank of Hawaii (NYSE:BOH) traded down $0.41 during trading on Thursday, hitting $84.45. 181,272 shares of the stock were exchanged, compared to its average volume of 155,432. Bank of Hawaii has a 52-week low of $74.72 and a 52-week high of $90.80. The stock has a market capitalization of $3,587.35, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.66 and a current ratio of 0.66.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $158.73 million for the quarter, compared to the consensus estimate of $163.29 million. Bank of Hawaii had a net margin of 27.27% and a return on equity of 15.45%. During the same period in the prior year, the firm posted $1.02 earnings per share. equities research analysts expect that Bank of Hawaii will post 4.42 EPS for the current year.

Bank of Hawaii declared that its Board of Directors has approved a share repurchase plan on Monday, October 23rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Wednesday, November 29th. Bank of Hawaii’s dividend payout ratio is currently 47.82%.

In other Bank of Hawaii news, insider Donna A. Tanoue sold 4,050 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $76.15, for a total transaction of $308,407.50. Following the transaction, the insider now directly owns 9,969 shares in the company, valued at $759,139.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donna A. Tanoue sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total transaction of $461,280.00. Following the transaction, the insider now owns 9,969 shares in the company, valued at $766,416.72. The disclosure for this sale can be found here. 2.16% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BOH. Vanguard Group Inc. boosted its holdings in Bank of Hawaii by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,671,470 shares of the bank’s stock valued at $304,622,000 after acquiring an additional 75,570 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Bank of Hawaii by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,582 shares of the bank’s stock valued at $103,249,000 after acquiring an additional 30,082 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Bank of Hawaii by 6.6% in the third quarter. Macquarie Group Ltd. now owns 1,082,303 shares of the bank’s stock valued at $90,221,000 after acquiring an additional 66,628 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Bank of Hawaii by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,036,874 shares of the bank’s stock valued at $86,434,000 after acquiring an additional 6,490 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Bank of Hawaii by 28.9% in the third quarter. American Century Companies Inc. now owns 1,025,878 shares of the bank’s stock valued at $85,517,000 after acquiring an additional 229,779 shares in the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Analysts Set Bank of Hawaii Co. (BOH) Target Price at $86.50” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://sportsperspectives.com/2017/12/10/analysts-set-bank-of-hawaii-co-boh-target-price-at-86-50.html.

About Bank of Hawaii

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.

Analyst Recommendations for Bank of Hawaii (NYSE:BOH)

Receive News & Ratings for Bank of Hawaii Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply