Weiss Ratings Reiterates Hold (C) Rating for Bank of Hawaii (NYSE:BOH)

Key Points

• Weiss Ratings has maintained a Hold (C) rating for Bank of Hawaii (NYSE:BOH), reflecting a cautious outlook on the stock.
• Stephens and Barclays both adjusted their price objectives for Bank of Hawaii, with Stephens lowering it to $76.00 and Barclays raising it slightly to $68.00.
• Bank of Hawaii's stock recently rose 2.8% during trading to reach $64.05, indicating positive short-term market sentiment.

Bank of Hawaii (NYSE:BOH - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other analysts have also issued reports about the stock. Stephens reduced their price objective on shares of Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Piper Sandler assumed coverage on shares of Bank of Hawaii in a research note on Thursday, August 21st. They set a "neutral" rating and a $71.00 price objective for the company. Finally, Barclays raised 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. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bank of Hawaii presently has a consensus rating of "Hold" and an average target price of $75.00.

Bank of Hawaii Stock Up 2.8%

Shares of Bank of Hawaii stock traded up $1.75 during trading on Friday, hitting $64.05. The company's stock had a trading volume of 758,485 shares, compared to its average volume of 420,423. The company has a market capitalization of $2.55 billion, a PE ratio of 16.81, a P/E/G ratio of 0.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii has a 52 week low of $57.44 and a 52 week high of $82.70. The company has a fifty day simple moving average of $65.76 and a two-hundred day simple moving average of $66.18.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. The business had revenue of $174.48 million during the quarter, compared to analyst estimates of $177.82 million. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. During the same period last year, the business earned $0.81 EPS. Equities research analysts predict that Bank of Hawaii will post 3.97 earnings per share for the current year.

Institutional Trading of Bank of Hawaii

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in Bank of Hawaii by 2.7% during the first quarter. Principal Financial Group Inc. now owns 197,888 shares of the bank's stock valued at $13,648,000 after buying an additional 5,170 shares during the period. Private Trust Co. NA increased its stake in shares of Bank of Hawaii by 18,333.3% in the first quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after purchasing an additional 550 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Bank of Hawaii by 41.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,625 shares of the bank's stock valued at $802,000 after purchasing an additional 3,433 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Bank of Hawaii by 12.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,691 shares of the bank's stock valued at $806,000 after purchasing an additional 1,291 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of Bank of Hawaii by 11.6% during the 2nd quarter. DAVENPORT & Co LLC now owns 23,832 shares of the bank's stock valued at $1,609,000 after purchasing an additional 2,477 shares during the period. 82.18% of the stock is currently owned by institutional investors.

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.

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