Barclays has increased its price target for Bank of Hawaii (BOH, Financial) to $67 from a previous $64, following the release of the company's first-quarter financial results. Despite the adjustment, the bank maintains an "Underweight" rating for BOH shares.
The decision comes after a strong earnings report, which exceeded expectations, thanks in part to favorable net interest margins impacting both sides of the company's balance sheet. This financial performance has led to higher earnings estimates going forward.
