Bank of Hawaii (NYSE:BOH) had its target price boosted by research analysts at Morgan Stanley from $76.00 to $88.00 in a research note issued to investors on Wednesday. The brokerage currently has an “underweight” rating on the bank’s stock. Morgan Stanley’s target price would suggest a potential upside of 3.71% from the company’s previous close.

Several other research analysts also recently commented on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $90.50 target price on shares of Bank of Hawaii in a report on Tuesday, October 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $88.00 target price on shares of Bank of Hawaii in a report on Tuesday, October 24th. Jefferies Group restated a “hold” rating and set a $92.00 price objective on shares of Bank of Hawaii in a report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded shares of Bank of Hawaii from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Bank of Hawaii presently has an average rating of “Hold” and an average target price of $89.75.

Shares of Bank of Hawaii (BOH) traded up $0.85 on Wednesday, reaching $84.85. 167,700 shares of the company traded hands, compared to its average volume of 192,863. The company has a market cap of $3,568.21, a P/E ratio of 19.31, a PEG ratio of 2.23 and a beta of 0.97. Bank of Hawaii has a 12-month low of $74.72 and a 12-month high of $90.80. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.22.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $158.73 million for the quarter, compared to the consensus estimate of $163.29 million. Bank of Hawaii had a net margin of 27.27% and a return on equity of 15.45%. During the same quarter last year, the firm posted $1.02 EPS. equities research analysts forecast that Bank of Hawaii will post 4.42 EPS for the current year.

Bank of Hawaii declared that its board has initiated a stock repurchase program on Monday, October 23rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Bank of Hawaii during the 3rd quarter worth about $749,000. Walthausen & Co. LLC boosted its position in shares of Bank of Hawaii by 12.0% during the 3rd quarter. Walthausen & Co. LLC now owns 79,922 shares of the bank’s stock valued at $6,662,000 after acquiring an additional 8,580 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Bank of Hawaii by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 132,026 shares of the bank’s stock valued at $11,006,000 after acquiring an additional 5,448 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Bank of Hawaii during the 3rd quarter valued at about $665,000. Finally, Rocky Mountain Advisers LLC boosted its position in shares of Bank of Hawaii by 13,300.0% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock valued at $168,000 after acquiring an additional 1,995 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

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Bank of Hawaii Company Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Analyst Recommendations for Bank of Hawaii (NYSE:BOH)

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