Bryce Point Capital LLC Buys Shares of 6,726 Bank of Hawaii Co. (NYSE:BOH)

Bryce Point Capital LLC acquired a new stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,726 shares of the bank's stock, valued at approximately $479,000.

A number of other institutional investors have also modified their holdings of BOH. Headlands Technologies LLC lifted its position in Bank of Hawaii by 285.8% during the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock valued at $68,000 after buying an additional 703 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Bank of Hawaii by 10.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,792 shares of the bank's stock valued at $840,000 after acquiring an additional 1,110 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in Bank of Hawaii during the 4th quarter worth $214,000. Norges Bank purchased a new stake in Bank of Hawaii during the 4th quarter worth $27,495,000. Finally, JPMorgan Chase & Co. increased its holdings in Bank of Hawaii by 188.8% in the 4th quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock valued at $17,817,000 after purchasing an additional 163,503 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company's stock.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Taryn L. Salmon sold 449 shares of the firm's stock in a transaction 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 sale, the insider now owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.07% of the company's stock.

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Bank of Hawaii Stock Down 4.9 %

Shares of BOH stock traded down $3.13 during trading hours on Thursday, hitting $60.05. 106,236 shares of the company were exchanged, compared to its average volume of 359,212. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 17.34 and a beta of 0.87. The business's 50-day simple moving average is $69.55 and its two-hundred day simple moving average is $70.84.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Sell-side analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii's dividend payout ratio (DPR) is presently 80.92%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BOH shares. Piper Sandler upped their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Barclays decreased their price target on Bank of Hawaii from $66.00 to $64.00 and set an "underweight" rating for the company in a report on Tuesday. Finally, DA Davidson lifted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $72.67.

Bank of Hawaii Profile

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.