Bank of Hawaii (NYSE:BOH) Given New $74.00 Price Target at DA Davidson

Bank of Hawaii (NYSE:BOH) had its target price lifted by DA Davidson from $65.00 to $74.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock. DA Davidson also issued estimates for Bank of Hawaii’s Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $3.57 EPS and FY2025 earnings at $3.70 EPS.

A number of other research analysts also recently commented on the company. Jefferies Financial Group upped their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research report on Tuesday. Barclays raised their target price on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Piper Sandler boosted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, Bank of Hawaii currently has a consensus rating of “Hold” and an average price target of $64.80.

Bank of Hawaii Stock Performance

NYSE BOH opened at $72.26 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii has a 1-year low of $48.83 and a 1-year high of $75.19. The business’s 50-day simple moving average is $65.30 and its 200-day simple moving average is $61.99. The firm has a market capitalization of $2.87 billion, a P/E ratio of 21.70, a P/E/G ratio of 7.61 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The firm had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. During the same quarter in the previous year, the business posted $1.17 EPS. Equities analysts predict that Bank of Hawaii will post 3.57 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Tuesday, October 29th. Bank of Hawaii’s payout ratio is 84.08%.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares in the company, valued at approximately $991,327.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Illinois Municipal Retirement Fund grew its holdings in Bank of Hawaii by 0.8% during the first quarter. Illinois Municipal Retirement Fund now owns 21,787 shares of the bank’s stock valued at $1,359,000 after purchasing an additional 176 shares during the period. Arizona State Retirement System grew its holdings 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 raised its stake in Bank of Hawaii by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock valued at $1,144,000 after acquiring an additional 300 shares during the period. Harrington Investments INC raised its position 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 during the period. Finally, Texas Permanent School Fund Corp grew its position in shares of Bank of Hawaii by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 34,790 shares of the bank’s stock valued at $2,171,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.

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.