Bank of Hawaii (NYSE:BOH) Shares Gap Up – Still a Buy?

Shares of Bank of Hawaii Co. (NYSE:BOH) gapped up prior to trading on Monday . The stock had previously closed at $71.11, but opened at $73.18. Bank of Hawaii shares last traded at $74.33, with a volume of 75,055 shares trading hands.

Analysts Set New Price Targets

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

Bank of Hawaii Trading Up 2.4 %

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 21.91 and a beta of 1.05. The firm has a 50-day moving average price of $73.39 and a 200-day moving average price of $69.16.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. As a group, sell-side analysts predict that Bank of Hawaii Co. will post 3.54 EPS for the current year.

Insiders Place Their Bets

In other news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction 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 directly owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BOH. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bank of Hawaii in the second quarter valued at about $106,000. KBC Group NV increased its position in Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after buying an additional 812 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii during the second quarter worth approximately $119,000. UMB Bank n.a. boosted its position in shares of Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after acquiring an additional 2,644 shares during the period. Finally, Trust Point Inc. acquired a new stake in shares of Bank of Hawaii in the fourth quarter worth $204,000. 82.18% of the stock is 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.