Vanguard Group Inc. Acquires 87,919 Shares of Bank of Hawaii Co. (NYSE:BOH)

Vanguard Group Inc. lifted its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,650,102 shares of the bank's stock after purchasing an additional 87,919 shares during the period. Vanguard Group Inc. owned 11.70% of Bank of Hawaii worth $336,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC bought a new position in Bank of Hawaii in the fourth quarter valued at approximately $41,000. Quest Partners LLC bought a new position in shares of Bank of Hawaii during the fourth quarter worth $41,000. Strs Ohio bought a new position in shares of Bank of Hawaii during the fourth quarter worth $50,000. iA Global Asset Management Inc. bought a new position in shares of Bank of Hawaii during the third quarter worth $123,000. Finally, Radnor Capital Management LLC bought a new position in shares of Bank of Hawaii during the fourth quarter worth $217,000. Institutional investors and hedge funds own 82.18% of the company's stock.

Analyst Ratings Changes

BOH has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the company an "underperform" rating in a research report on Tuesday, April 23rd. StockNews.com raised Bank of Hawaii to a "sell" rating in a research note on Thursday, May 30th. Piper Sandler lowered their target price on Bank of Hawaii from $65.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, April 23rd. Jefferies Financial Group lowered their target price on Bank of Hawaii from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Monday, April 8th. Finally, Barclays lowered their target price on Bank of Hawaii from $51.00 to $50.00 and set an "underweight" rating for the company in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $57.50.

Bank of Hawaii Stock Up 0.2 %

NYSE:BOH traded up $0.10 during trading hours on Friday, reaching $57.21. 517,872 shares of the stock were exchanged, compared to its average volume of 321,876. Bank of Hawaii Co. has a twelve month low of $39.02 and a twelve month high of $75.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a 50 day moving average of $57.72 and a 200 day moving average of $61.88. The stock has a market cap of $2.27 billion, a PE ratio of 14.74 and a beta of 1.07.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The firm had revenue of $252.64 million for the quarter, compared to analyst estimates of $160.79 million. During the same period last year, the company earned $1.14 EPS. On average, equities analysts expect that Bank of Hawaii Co. will post 3.45 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Friday, May 31st. Bank of Hawaii's dividend payout ratio (DPR) is currently 72.16%.

Bank of Hawaii Company 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.