GSA Capital Partners LLP Grows Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

GSA Capital Partners LLP increased its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 284.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,885 shares of the bank's stock after acquiring an additional 15,450 shares during the quarter. GSA Capital Partners LLP owned approximately 0.05% of Bank of Hawaii worth $1,311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BOH. Crestwood Advisors Group LLC acquired a new stake in shares of Bank of Hawaii in the third quarter worth about $207,000. Congress Asset Management Co. lifted its position in shares of Bank of Hawaii by 30.5% during the 3rd quarter. Congress Asset Management Co. now owns 61,134 shares of the bank's stock worth $3,837,000 after purchasing an additional 14,286 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Bank of Hawaii by 11.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,205 shares of the bank's stock worth $1,511,000 after purchasing an additional 2,566 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Bank of Hawaii during the 3rd quarter worth about $70,960,000. Finally, Harrington Investments INC lifted its position in shares of Bank of Hawaii by 2.3% during the 3rd quarter. Harrington Investments INC now owns 20,156 shares of the bank's stock worth $1,265,000 after purchasing an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company's stock.

Bank of Hawaii Price Performance

BOH traded down $0.17 during trading on Thursday, hitting $77.60. 48,069 shares of the stock traded hands, compared to its average volume of 322,990. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $81.45. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 5.18 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50 day moving average price of $67.23 and a 200 day moving average price of $63.26.

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

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.61%. Bank of Hawaii's dividend payout ratio (DPR) is currently 84.08%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BOH shares. Piper Sandler upped their price objective on Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Barclays increased their price target 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. Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $67.00 to $74.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Finally, DA Davidson raised their price target on 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 research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat.com, Bank of Hawaii has an average rating of "Hold" and a consensus price target of $64.80.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the transaction, the insider now owns 13,717 shares of the company's stock, valued at $991,327.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.11% of the company's stock.

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.