Keefe, Bruyette & Woods Cuts Bank of Hawaii (NYSE:BOH) Price Target to $92.00

Bank of Hawaii (NYSE:BOH) had its price objective lowered by Keefe, Bruyette & Woods from $95.00 to $92.00 in a research report released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the bank’s stock.

A number of other equities research analysts also recently issued reports on BOH. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Barclays decreased their price target on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 28th. Stephens raised their price target on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, DA Davidson raised their price target on Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.20.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $79.66 on Monday. The company’s 50-day moving average price is $80.45 and its 200-day moving average price is $77.82. Bank of Hawaii has a twelve month low of $59.36 and a twelve month high of $86.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.14 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.71.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01. The firm had revenue of $196.90 million for the quarter, compared to analysts’ expectations of $199.51 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same period in the prior year, the company earned $1.06 EPS. On average, equities research analysts forecast that Bank of Hawaii will post 5.88 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 annualized dividend and a yield of 3.5%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 52.24%.

Insider Activity

In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total transaction of $199,161.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank of Hawaii

A number of institutional investors and hedge funds have recently modified their holdings of BOH. Royal Bank of Canada grew its position in Bank of Hawaii by 16.4% in the 1st quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock valued at $1,808,000 after acquiring an additional 3,689 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Bank of Hawaii by 177.5% during the first quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock worth $1,617,000 after purchasing an additional 15,234 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Bank of Hawaii by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock worth $1,605,000 after purchasing an additional 1,027 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Bank of Hawaii by 35.8% during the first quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock valued at $1,366,000 after purchasing an additional 5,227 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Bank of Hawaii during the first quarter valued at $41,000. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.