Bank of Hawaii (NYSE:BOH) Price target cut to $86.00

Bank of Hawaii (NYSE: BOHGet a rating) saw its price target reduced by Compass Point research analysts to $86.00 in a report on Thursday, Target Stock Advisor reports. Compass Point’s price target would suggest a potential upside of 16.85% from the current stock price.

Several other stock analysts have also published reports on the company. StockNews.com launched coverage on Bank of Hawaii in a research note on Wednesday, October 12. They have set a “holding” rating on the stock. DA Davidson lowered its price target on Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group lowered its price target on Bank of Hawaii from $87.00 to $79.00 in a Monday, July 11 research note.

Bank of Hawaii stock performance

Shares of Bank of Hawaii Action traded down $0.03 during Thursday’s trading, hitting $73.60. The company’s shares had a trading volume of 4,491 shares, compared to an average volume of 230,620. The company has a debt ratio of 0.01, a quick ratio of 0.64 and a current ratio of 0, 65. The company’s fifty-day moving average price is $78.13 and its 200-day moving average price is $77.51. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 13.33, a growth price-to-earnings ratio of 1.57 and a beta of 1.05. Bank of Hawaii has a one-year low of $70.15 and a one-year high of $92.38.

Bank of Hawaii (NYSE: BOHGet a rating) last released its quarterly results on Monday, October 24. The bank reported earnings per share (EPS) of $1.28 for the quarter, missing the consensus estimate of $1.42 per ($0.14). Bank of Hawaii had a net margin of 31.88% and a return on equity of 18.37%. During the same period of the previous year, the company achieved EPS of $1.52. As a group, equity research analysts expect Bank of Hawaii to post 5.63 earnings per share for the current year.

Bank of Hawaii Insider Buying and Selling

In other news, CEO Peter S. Ho sold 5,500 shares of the company in a trade that took place on Wednesday, August 10. The stock was sold at an average price of $81.67, for a total value of $449,185.00. As a result of the transaction, the CEO now directly owns 239,181 shares of the company, valued at approximately $19,533,912.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Insiders of the company own 2.06% of the shares of the company.

Institutional entries and exits

Several institutional investors and hedge funds have recently changed their holdings in the company. Boston Trust Walden Corp increased its stake in Bank of Hawaii by 43.1% in the first quarter. Boston Trust Walden Corp now owns 237,923 shares of the bank worth $19,967,000 after buying an additional 71,705 shares last quarter. Everett Harris & Co. CA acquired a new position in Bank of Hawaii during Q1 worth $2,099,000. Truist Financial Corp increased its stake in Bank of Hawaii by 16.4% in the first quarter. Truist Financial Corp now owns 28,256 shares of the bank worth $2,371,000 after buying 3,989 more shares last quarter. Welch & Forbes LLC acquired a new position in Bank of Hawaii during Q1 worth $201,000. Finally, Comerica Bank increased its stake in Bank of Hawaii by 2.0% in the 1st quarter. Comerica Bank now owns 18,664 shares of the bank worth $1,519,000 after buying 362 more shares last quarter. 74.84% of the shares are held by institutional investors and hedge funds.

About Bank of Hawaii

(Get a rating)

Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which 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 Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; banking, investment, credit and trust services to individuals and families, and high net worth individuals; investment management; institutional investment advisory services to corporations, government entities and foundations; and brokerage offerings, including stocks, mutual funds, life insurance and annuity products.

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