Dynamic Technology Lab Private Ltd Takes $895,000 Position in Bank of Hawaii Co. (NYSE:BOH)

Dynamic Technology Lab Private Ltd acquired a new position in Bank of Hawaii Co. (NYSE:BOH - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,254 shares of the bank's stock, valued at approximately $895,000.

Several other hedge funds have also modified their holdings of BOH. Russell Investments Group Ltd. lifted its position in shares of Bank of Hawaii by 41.3% in the first quarter. Russell Investments Group Ltd. now owns 8,776 shares of the bank's stock valued at $548,000 after acquiring an additional 2,566 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Bank of Hawaii by 6.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,255 shares of the bank's stock worth $2,447,000 after purchasing an additional 2,465 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Bank of Hawaii by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank's stock worth $2,052,000 after purchasing an additional 1,398 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Bank of Hawaii during the first quarter worth $283,000. Finally, Tidal Investments LLC acquired a new stake in shares of Bank of Hawaii in the first quarter valued at about $832,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their target price on Bank of Hawaii from $67.00 to $74.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Barclays lifted their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Stephens assumed coverage on shares of Bank of Hawaii in a research report on Wednesday. They set an "overweight" rating and a $90.00 price target on the stock. Finally, DA Davidson raised their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Bank of Hawaii currently has an average rating of "Hold" and a consensus target price of $69.00.

Insiders Place Their Bets

In other news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now directly owns 13,717 shares of the company's stock, valued at approximately $991,327.59. The trade was a 8.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.11% of the stock is owned by company insiders.

Bank of Hawaii Stock Up 0.7 %

Shares of BOH opened at $80.35 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3.19 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 5.24 and a beta of 1.03. The company's 50-day moving average price is $69.79 and its 200 day moving average price is $64.54. Bank of Hawaii Co. has a 12-month low of $54.50 and a 12-month high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $265.76 million during the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period last year, the business posted $1.17 earnings per share. On average, sell-side analysts forecast that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.70 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. Bank of Hawaii's dividend payout ratio (DPR) is 84.08%.

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.