Bank of Hawaii (NYSE:BOH) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised its price target on Bank of Hawaii to $86 from $83 while keeping an "equal weight" rating, implying about 11.73% upside from the previous close.
• Bank of Hawaii beat quarterly expectations with $1.39 EPS versus $1.25 expected and $189.65M in revenue, reporting a 14.42% return on equity and a 19.3% net margin.
• The stock carries an average analyst rating of Moderate Buy with a consensus target of $83.80, while shares traded around $76.97 (market cap ≈ $3.06B), indicating modest upside to the consensus target.

Bank of Hawaii (NYSE:BOH - Get Free Report) had its price objective lifted by investment analysts at Barclays from $83.00 to $86.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the bank's stock. Barclays's price objective points to a potential upside of 11.73% from the company's previous close.

Several other equities analysts have also recently commented on BOH. Weiss Ratings upgraded Bank of Hawaii from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 30th. Zacks Research upgraded Bank of Hawaii from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 28th. DA Davidson raised their price objective on Bank of Hawaii from $73.00 to $81.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 27th. Wall Street Zen upgraded Bank of Hawaii from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Finally, Piper Sandler reduced their price objective on Bank of Hawaii from $84.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Bank of Hawaii currently has an average rating of "Moderate Buy" and a consensus target price of $83.80.

Bank of Hawaii Stock Up 1.0%

Shares of Bank of Hawaii stock traded up $0.73 on Tuesday, hitting $76.97. 107,843 shares of the company's stock traded hands, compared to its average volume of 424,958. The stock has a market cap of $3.06 billion, a P/E ratio of 16.65, a PEG ratio of 0.76 and a beta of 0.72. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm's 50-day moving average is $75.64 and its 200 day moving average is $70.00. Bank of Hawaii has a 52-week low of $57.44 and a 52-week high of $80.61.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its earnings results on Monday, January 26th. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The company had revenue of $189.65 million during the quarter, compared to analysts' expectations of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same period in the prior year, the business posted $0.85 EPS. Equities analysts anticipate that Bank of Hawaii will post 3.97 earnings per share for the current year.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds have recently added to or reduced their stakes in the stock. DF Dent & Co. Inc. lifted its stake in Bank of Hawaii by 4.8% in the third quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank's stock valued at $225,000 after buying an additional 157 shares during the last quarter. MAI Capital Management lifted its stake in Bank of Hawaii by 5.7% in the third quarter. MAI Capital Management now owns 2,972 shares of the bank's stock valued at $195,000 after buying an additional 160 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Bank of Hawaii by 11.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank's stock valued at $104,000 after buying an additional 160 shares during the last quarter. First Affirmative Financial Network lifted its stake in Bank of Hawaii by 5.6% in the third quarter. First Affirmative Financial Network now owns 3,353 shares of the bank's stock valued at $220,000 after buying an additional 178 shares during the last quarter. Finally, Rothschild Investment LLC lifted its stake in Bank of Hawaii by 6.2% in the fourth quarter. Rothschild Investment LLC now owns 3,213 shares of the bank's stock valued at $220,000 after buying an additional 188 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Company Profile

Bank of Hawaii NYSE: BOH is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.