Stephens Lowers Bank of Hawaii (NYSE:BOH) Price Target to $76.00

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 decreased by Stephens from $78.00 to $76.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the bank's stock. Stephens' price objective indicates a potential upside of 24.02% from the stock's previous close.

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

Bank of Hawaii Trading Down 1.0%

NYSE:BOH traded down $0.60 on Tuesday, hitting $61.28. 619,144 shares of the stock were exchanged, compared to its average volume of 432,955. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.00 and a beta of 0.80. Bank of Hawaii has a 52 week low of $57.44 and a 52 week high of $82.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.71 and a current ratio of 0.70. The company's 50-day moving average price is $66.95 and its 200 day moving average price is $68.31.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. The firm had revenue of $174.48 million during the quarter, compared to analysts' expectations of $177.82 million. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%. During the same period in the previous year, the business posted $0.81 EPS. On average, equities research analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current year.

Hedge Funds Weigh In On Bank of Hawaii

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in Bank of Hawaii by 80.2% during the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock worth $27,000 after acquiring an additional 174 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Bank of Hawaii by 18,333.3% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock valued at $38,000 after buying an additional 550 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock valued at $40,000 after buying an additional 305 shares during the last quarter. Strs Ohio acquired a new stake in shares of Bank of Hawaii in the 1st quarter valued at approximately $41,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Bank of Hawaii in the 4th quarter valued at approximately $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.