Keefe, Bruyette & Woods Issues Pessimistic Forecast for Bank of Hawaii (NYSE:BOH) Stock Price

Bank of Hawaii (NYSE:BOH) had its price target reduced by analysts at Keefe, Bruyette & Woods from $95.00 to $92.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 14.78% from the company’s current price.

BOH has been the topic of several other research reports. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. Zacks Research lowered shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. DA Davidson increased their price target on Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Stephens raised their price target on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.20.

Bank of Hawaii Stock Performance

NYSE:BOH traded up $0.25 during mid-day trading on Monday, reaching $80.15. The company’s stock had a trading volume of 67,367 shares, compared to its average volume of 420,110. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.16 billion, a P/E ratio of 14.96, a PEG ratio of 0.91 and a beta of 0.70. The firm’s fifty day moving average price is $80.33 and its two-hundred day moving average price is $77.61. Bank of Hawaii has a 12-month low of $59.36 and a 12-month high of $86.31.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The firm had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. During the same quarter last year, the firm posted $1.06 EPS. On average, equities analysts forecast that Bank of Hawaii will post 5.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in Bank of Hawaii by 16.4% during the 1st quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock worth $1,808,000 after acquiring an additional 3,689 shares during the period. AQR Capital Management LLC increased its stake in shares of Bank of Hawaii by 177.5% in the first quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock worth $1,617,000 after purchasing an additional 15,234 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Bank of Hawaii by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock worth $1,605,000 after purchasing an additional 1,027 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Bank of Hawaii by 35.8% during the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock valued at $1,366,000 after purchasing an additional 5,227 shares during the period. Finally, Strs Ohio purchased a new position in shares of Bank of Hawaii during the 1st quarter valued at $41,000. 82.18% of the stock is owned by institutional investors.

About Bank of Hawaii

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.