Bank of Hawaii (NYSE:BOH) Price Target Raised to $68.00

Bank of Hawaii (NYSE:BOH - Get Free Report) had its price target boosted by research analysts at Barclays from $67.00 to $68.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the bank's stock. Barclays's price target would indicate a potential downside of 3.33% from the stock's current price.

Bank of Hawaii Stock Performance

NYSE:BOH traded up $0.58 during mid-day trading on Tuesday, reaching $70.34. The stock had a trading volume of 516,961 shares, compared to its average volume of 382,631. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.08 and a beta of 0.77. Bank of Hawaii has a twelve month low of $55.75 and a twelve month high of $82.70. The business has a 50 day simple moving average of $67.74 and a 200 day simple moving average of $68.79.

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

Insider Activity

In other news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction that occurred 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 sale, the insider directly owned 6,442 shares in the company, valued at approximately $426,138.30. This trade represents a 20.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.07% of the company's stock.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its position in shares of Bank of Hawaii by 23.7% during the 4th 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 raised its position in shares of Bank of Hawaii by 211.2% during the 4th 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 shares of Bank of Hawaii during the 4th quarter worth approximately $50,000. Proficio Capital Partners LLC purchased a new stake in Bank of Hawaii in the 4th quarter worth approximately $736,000. Finally, Raymond James Financial Inc. purchased a new stake in Bank of Hawaii in the 4th quarter worth approximately $900,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

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.