International Assets Investment Management LLC Takes $70.96 Million Position in Bank of Hawaii Co. (NYSE:BOH)

International Assets Investment Management LLC bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 113,046 shares of the bank's stock, valued at approximately $70,960,000. International Assets Investment Management LLC owned 0.28% of Bank of Hawaii at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BOH. Illinois Municipal Retirement Fund raised its stake in Bank of Hawaii by 0.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 21,787 shares of the bank's stock worth $1,359,000 after buying an additional 176 shares during the period. Arizona State Retirement System boosted its holdings in shares of Bank of Hawaii by 1.9% in the second quarter. Arizona State Retirement System now owns 11,134 shares of the bank's stock valued at $637,000 after buying an additional 210 shares during the period. Louisiana State Employees Retirement System lifted its position in Bank of Hawaii by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank's stock valued at $1,144,000 after acquiring an additional 300 shares in the last quarter. Harrington Investments INC boosted its stake in Bank of Hawaii by 2.0% in the 2nd quarter. Harrington Investments INC now owns 19,706 shares of the bank's stock worth $1,127,000 after purchasing an additional 394 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake in Bank of Hawaii by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 34,790 shares of the bank's stock worth $2,171,000 after purchasing an additional 465 shares during the period. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Performance

Shares of BOH traded down $0.64 during midday trading on Friday, reaching $66.03. The stock had a trading volume of 462,616 shares, compared to its average volume of 317,558. The firm has a market cap of $2.62 billion, a PE ratio of 17.02, a P/E/G ratio of 7.22 and a beta of 1.05. The firm has a 50 day simple moving average of $64.85 and a 200-day simple moving average of $61.72. Bank of Hawaii Co. has a one year low of $47.15 and a one year high of $75.19. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BOH shares. Jefferies Financial Group boosted their price target on Bank of Hawaii from $53.00 to $54.00 and gave the company a "hold" rating in a report on Wednesday, July 3rd. Piper Sandler lowered shares of Bank of Hawaii from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $70.00 to $61.00 in a research report on Monday, August 12th. Keefe, Bruyette & Woods upgraded shares of Bank of Hawaii from an "underperform" rating to a "market perform" rating and increased their price objective for the stock from $60.00 to $67.00 in a research note on Wednesday, October 2nd. Finally, DA Davidson raised their price objective on Bank of Hawaii from $63.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, Bank of Hawaii presently has a consensus rating of "Hold" and a consensus target price of $60.40.

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.