Quest Partners LLC Acquires New Position in Bank of Hawaii Co. (NYSE:BOH)

Quest Partners LLC bought a new stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,037 shares of the bank's stock, valued at approximately $1,823,000. Quest Partners LLC owned approximately 0.07% of Bank of Hawaii at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Bank of Hawaii by 13.1% in the second quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank's stock worth $93,533,000 after purchasing an additional 189,878 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Bank of Hawaii by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock valued at $45,167,000 after acquiring an additional 98,465 shares during the period. Swedbank AB raised its holdings in shares of Bank of Hawaii by 3.6% during the second quarter. Swedbank AB now owns 725,000 shares of the bank's stock valued at $41,477,000 after buying an additional 25,000 shares during the last quarter. American Century Companies Inc. raised its holdings in Bank of Hawaii by 8.7% during the second quarter. American Century Companies Inc. now owns 675,615 shares of the bank's stock worth $38,652,000 after purchasing an additional 54,078 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Bank of Hawaii by 0.5% in the second quarter. Natixis Advisors LLC now owns 295,878 shares of the bank's stock worth $16,927,000 after buying an additional 1,522 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BOH. DA Davidson boosted their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price target on shares of Bank of Hawaii from $67.00 to $74.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Piper Sandler boosted their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Finally, Barclays boosted their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, Bank of Hawaii has an average rating of "Hold" and a consensus target price of $64.80.

Insiders Place Their Bets

In other news, insider Matthew Emerson sold 1,355 shares of the company's 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 completion of the transaction, the insider now owns 13,717 shares of the company's stock, valued at approximately $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.47% of the company's stock.

Bank of Hawaii Stock Down 0.1 %

Shares of BOH stock traded down $0.10 on Tuesday, hitting $77.07. The company's stock had a trading volume of 274,754 shares, compared to its average volume of 322,759. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $81.45. The firm's fifty day moving average price is $68.02 and its 200-day moving average price is $63.72. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 5.10 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $265.76 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $1.17 EPS. Research analysts anticipate that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently announced 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii's dividend payout ratio is 84.08%.

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.