AlphaQuest LLC raised its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 24.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 36,076 shares of the bank's stock after acquiring an additional 7,039 shares during the period. Bank of Hawaii comprises 0.3% of AlphaQuest LLC's portfolio, making the stock its 26th biggest position. AlphaQuest LLC owned about 0.09% of Bank of Hawaii worth $2,570,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Bank of Hawaii by 1.2% in the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank's stock valued at $57,025,000 after acquiring an additional 10,357 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Bank of Hawaii by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank's stock worth $94,872,000 after purchasing an additional 35,187 shares during the period. Principal Financial Group Inc. increased its position in Bank of Hawaii by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank's stock worth $13,729,000 after buying an additional 5,451 shares during the last quarter. Barclays PLC raised its stake in Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank's stock valued at $5,870,000 after buying an additional 44,599 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Bank of Hawaii by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank's stock valued at $5,435,000 after buying an additional 10,390 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on BOH shares. DA Davidson raised their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Stephens initiated coverage on Bank of Hawaii in a report on Wednesday, November 27th. They set an "overweight" rating and a $90.00 price objective for the company. Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler boosted their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Finally, Barclays increased their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $73.00.
Get Our Latest Stock Analysis on Bank of Hawaii
Bank of Hawaii Price Performance
NYSE:BOH traded down $0.65 during mid-day trading on Thursday, reaching $65.86. The stock had a trading volume of 408,776 shares, compared to its average volume of 319,462. The stock has a 50-day simple moving average of $71.65 and a two-hundred day simple moving average of $70.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The stock has a market capitalization of $2.62 billion, a PE ratio of 19.03 and a beta of 1.00.
Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, equities analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.
Bank of Hawaii Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 annualized dividend and a dividend yield of 4.25%. Bank of Hawaii's dividend payout ratio (DPR) is presently 80.92%.
Insider Activity at Bank of Hawaii
In other news, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now directly owns 9,880 shares of the company's stock, valued at $740,703.60. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by company insiders.
About Bank of Hawaii
(
Free Report)
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.
Further Reading
Before you consider Bank of Hawaii, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Hawaii wasn't on the list.
While Bank of Hawaii currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
