Equities researchers at Credit Suisse lifted their price objective on shares of Bank of Hawaii Corp. (NYSE:BOH) from $44.00 to $46.00 in a research report issued on Tuesday, Analyst Ratings.Net reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price objective indicates a potential downside of 18.18% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Bank of Hawaii Corp. from $54.00 to $61.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at DA Davidson reiterated a “neutral” rating on shares of Bank of Hawaii Corp. in a research note to investors on Tuesday. They now have a $57.00 price target on the stock, up previously from $55.00. Finally, analysts at RBC Capital raised their price target on shares of Bank of Hawaii Corp. from $50.00 to $58.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Bank of Hawaii Corp. currently has an average rating of “Hold” and a consensus target price of $54.53.
Shares of Bank of Hawaii Corp. (NYSE: BOH) traded up 1.44% during mid-day trading on Tuesday, hitting $56.22. Bank of Hawaii Corp. has a one year low of $41.41 and a one year high of $55.69. The stock’s 50-day moving average is currently $51.30. The company has a market cap of $2.521 billion and a P/E ratio of 15.70.
Bank of Hawaii Corp. (NYSE:BOH) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $135.40 million for the quarter, compared to the consensus estimate of $137.41 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts expect that Bank of Hawaii Corp. will post $3.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, August 28th.
Bank of Hawaii Corporation is a bank holding company. The Company’s operating subsidiary is Bank of Hawaii (NYSE: BOH).