Stephens Issues Pessimistic Forecast for Bank of Hawaii (NYSE:BOH) Stock Price

Key Points

• Analysts at Stephens have reduced their price target for Bank of Hawaii from $78.00 to $76.00, maintaining an "overweight" rating that suggests a potential upside of 22.23% for the stock.
• Barclays has also adjusted their target price for Bank of Hawaii, increasing it from $67.00 to $68.00, while assigning an "underweight" rating.
• Recent quarterly earnings showed Bank of Hawaii reporting $1.06 earnings per share, slightly exceeding expectations, but revenues fell short of analyst predictions with $174.48 million compared to the forecast of $177.82 million.

Bank of Hawaii (NYSE:BOH - Get Free Report) had its target price dropped by research analysts at Stephens from $78.00 to $76.00 in a report released on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the bank's stock. Stephens' price target suggests a potential upside of 22.05% from the stock's previous close.

Separately, Barclays increased their price objective on shares of Bank of Hawaii from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $74.40.

Bank of Hawaii Stock Down 0.5%

Shares of BOH traded down $0.34 during mid-day trading on Tuesday, reaching $62.27. 637,925 shares of the stock traded hands, compared to its average volume of 413,148. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.01 and a beta of 0.77. The stock has a fifty day simple moving average of $67.17 and a 200 day simple moving average of $68.42. The company has a quick ratio of 0.71, a current ratio of 0.70 and a debt-to-equity ratio of 0.40. Bank of Hawaii has a 12-month low of $57.44 and a 12-month high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The bank reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%. The firm had revenue of $174.48 million during the quarter, compared to the consensus estimate of $177.82 million. During the same quarter in the prior year, the business posted $0.81 earnings per share. Sell-side analysts expect that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in Bank of Hawaii by 80.2% during the first quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock valued at $27,000 after purchasing an additional 174 shares during the last quarter. Private Trust Co. NA raised its holdings in Bank of Hawaii by 18,333.3% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after acquiring an additional 550 shares during the period. Golden State Wealth Management LLC increased its position in Bank of Hawaii by 110.5% during the first quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock worth $40,000 after acquiring an additional 305 shares during the period. Strs Ohio acquired a new stake in Bank of Hawaii during the first quarter worth $41,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Bank of Hawaii in the fourth quarter valued at $49,000. Institutional investors and hedge funds 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.