Point72 Asia Singapore Pte. Ltd. Makes New Investment in Bank of Hawaii Co. (NYSE:BOH)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Bank of Hawaii Co. (NYSE:BOH) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,851 shares of the bank’s stock, valued at approximately $106,000.

A number of other large investors also recently made changes to their positions in BOH. Epoch Investment Partners Inc. increased its stake in Bank of Hawaii by 72.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 222,730 shares of the bank’s stock valued at $16,139,000 after buying an additional 93,850 shares during the period. Seven Eight Capital LP acquired a new position in shares of Bank of Hawaii in the fourth quarter worth $463,000. Goldman Sachs Group Inc. raised its holdings in shares of Bank of Hawaii by 105.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock worth $32,718,000 after acquiring an additional 231,909 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Bank of Hawaii by 0.4% during the fourth quarter. Congress Asset Management Co. MA now owns 48,987 shares of the bank’s stock valued at $3,550,000 after purchasing an additional 185 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Bank of Hawaii by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock valued at $336,946,000 after purchasing an additional 87,919 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Insider Buying and Selling

In other news, insider Taryn L. Salmon sold 2,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $67.80, for a total transaction of $160,279.20. Following the completion of the sale, the insider now owns 10,785 shares of the company’s stock, valued at approximately $731,223. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Piper Sandler downgraded Bank of Hawaii from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $70.00 to $61.00 in a research note on Monday, August 12th. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $60.00 to $67.00 in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Finally, DA Davidson increased their price target on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target of $60.40.

Bank of Hawaii Stock Up 1.5 %

Shares of BOH stock opened at $63.58 on Friday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s 50 day simple moving average is $64.92 and its 200 day simple moving average is $61.16. Bank of Hawaii Co. has a twelve month low of $45.56 and a twelve month high of $75.19.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $255.62 million during the quarter, compared to the consensus estimate of $157.12 million. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, research analysts predict that Bank of Hawaii Co. will post 3.45 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Friday, August 30th. Bank of Hawaii’s payout ratio is 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.