Bank of Hawaii (BOH) Price Target Raised to $92.00 at Barclays

Bank of Hawaii (NYSE:BOH) had its price target raised by Barclays from $85.00 to $92.00 in a report released on Tuesday, MarketBeat reports. Barclays currently has an equal weight rating on the bank’s stock.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a hold rating and set a $88.00 price objective on shares of Bank of Hawaii in a report on Tuesday, October 24th. Zacks Investment Research lowered Bank of Hawaii from a buy rating to a hold rating in a report on Wednesday, October 11th. Compass Point raised Bank of Hawaii from a neutral rating to a buy rating in a report on Monday, December 18th. Piper Jaffray Companies reissued a hold rating and set a $90.50 price objective on shares of Bank of Hawaii in a report on Tuesday, October 24th. Finally, Morgan Stanley reissued an underweight rating and set a $77.00 price objective (up previously from $75.00) on shares of Bank of Hawaii in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $91.58.

Shares of Bank of Hawaii (NYSE BOH) opened at $85.72 on Tuesday. Bank of Hawaii has a fifty-two week low of $74.72 and a fifty-two week high of $90.20. The firm has a market capitalization of $3,634.47, a P/E ratio of 19.71, a PEG ratio of 2.15 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.22.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.08 annualized dividend and a dividend yield of 2.43%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 47.82%.

Bank of Hawaii declared that its board has approved a stock buyback program on Monday, October 23rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in shares of Bank of Hawaii during the 3rd quarter worth approximately $749,000. Walthausen & Co. LLC lifted its position in shares of Bank of Hawaii by 12.0% during the 3rd quarter. Walthausen & Co. LLC now owns 79,922 shares of the bank’s stock worth $6,662,000 after buying an additional 8,580 shares during the period. California Public Employees Retirement System lifted its position in shares of Bank of Hawaii by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 132,026 shares of the bank’s stock worth $11,006,000 after buying an additional 5,448 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Bank of Hawaii during the 3rd quarter worth approximately $665,000. Finally, Rocky Mountain Advisers LLC lifted its position in shares of Bank of Hawaii by 13,300.0% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock worth $168,000 after buying an additional 1,995 shares during the period. Institutional investors and hedge funds own 75.66% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Bank of Hawaii (BOH) Price Target Raised to $92.00 at Barclays” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3128093/bank-of-hawaii-boh-price-target-raised-to-92-00-at-barclays.html.

Bank of Hawaii Company Profile

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.