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.
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.
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.
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