67,352 Shares in Bank of Hawaii Co. (NYSE:BOH) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 67,352 shares of the bank's stock, valued at approximately $4,798,000. ExodusPoint Capital Management LP owned about 0.17% of Bank of Hawaii as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOH. FMR LLC lifted its holdings in Bank of Hawaii by 351.7% in the third quarter. FMR LLC now owns 36,309 shares of the bank's stock valued at $2,279,000 after buying an additional 28,271 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Bank of Hawaii by 186.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 25,296 shares of the bank's stock valued at $1,588,000 after purchasing an additional 16,455 shares during the period. Verition Fund Management LLC bought a new position in shares of Bank of Hawaii in the 3rd quarter worth $249,000. Holocene Advisors LP bought a new stake in Bank of Hawaii in the third quarter valued at about $1,355,000. Finally, HighTower Advisors LLC increased its holdings in Bank of Hawaii by 3.5% in the third quarter. HighTower Advisors LLC now owns 23,655 shares of the bank's stock valued at $1,477,000 after purchasing an additional 789 shares during the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now owns 9,880 shares of the company's stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.

Remove Ads

Wall Street Analysts Forecast Growth

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

Bank of Hawaii Stock Up 1.6 %

Shares of NYSE:BOH traded up $0.97 during midday trading on Friday, reaching $61.39. 505,082 shares of the company were exchanged, compared to its average volume of 362,567. The firm has a market cap of $2.44 billion, a PE ratio of 17.74 and a beta of 0.87. The stock has a fifty day simple moving average of $69.02 and a two-hundred day simple moving average of $70.82. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70.

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

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii's payout ratio is 80.92%.

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.