Bank of Hawaii (NYSE:BOH) Given New $68.00 Price Target at Barclays

Bank of Hawaii (NYSE:BOH - Get Free Report) had its target price raised by equities research analysts at Barclays from $67.00 to $68.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the bank's stock. Barclays's target price points to a potential downside of 1.92% from the company's previous close.

Bank of Hawaii Stock Down 1.1%

Shares of Bank of Hawaii stock traded down $0.74 on Tuesday, hitting $69.33. The company had a trading volume of 152,207 shares, compared to its average volume of 382,562. The firm has a market capitalization of $2.76 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.08 and a beta of 0.77. Bank of Hawaii has a twelve month low of $57.45 and a twelve month high of $82.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50-day moving average of $67.88 and a 200-day moving average of $68.80.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million during the quarter, compared to analysts' expectations of $168.65 million. Bank of Hawaii had a net margin of 15.12% and a return on equity of 12.16%. During the same quarter in the prior year, the company earned $0.87 earnings per share. Research analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current year.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total transaction of $109,279.80. Following the completion of the transaction, the insider owned 6,442 shares in the company, valued at approximately $426,138.30. This represents a 20.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BOH. US Bancorp DE boosted its holdings in Bank of Hawaii by 23.7% during the fourth quarter. US Bancorp DE now owns 5,814 shares of the bank's stock worth $414,000 after purchasing an additional 1,114 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Bank of Hawaii by 211.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,975 shares of the bank's stock worth $212,000 after purchasing an additional 2,019 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Bank of Hawaii during the fourth quarter worth $50,000. Proficio Capital Partners LLC acquired a new position in Bank of Hawaii during the fourth quarter worth $736,000. Finally, Raymond James Financial Inc. acquired a new position in Bank of Hawaii during the fourth quarter worth $900,000. Institutional investors and hedge funds own 82.18% of the company's stock.

About Bank of Hawaii

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.