Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Bank of Hawaii Co. (NYSE:BOH) by 33.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,737 shares of the bank’s stock after acquiring an additional 2,459 shares during the period. SG Americas Securities LLC’s holdings in Bank of Hawaii were worth $611,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bank of Hawaii in the second quarter valued at $106,000. Point72 DIFC Ltd acquired a new stake in shares of Bank of Hawaii in the second quarter valued at $119,000. Rothschild Investment LLC acquired a new position in Bank of Hawaii during the 2nd quarter worth $172,000. Bridges Investment Management Inc. acquired a new position in Bank of Hawaii during the 2nd quarter worth $205,000. Finally, Algert Global LLC acquired a new position in Bank of Hawaii during the 2nd quarter worth $229,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Trading Up 0.5 %

NYSE:BOH opened at $66.76 on Tuesday. The stock has a 50-day simple moving average of $64.55 and a 200-day simple moving average of $61.34. The stock has a market cap of $2.65 billion, a P/E ratio of 17.21, a P/E/G ratio of 7.10 and a beta of 1.05. Bank of Hawaii Co. has a 1 year low of $45.56 and a 1 year high of $75.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The business had revenue of $255.62 million for the quarter, compared to analyst estimates of $157.12 million. During the same period in the prior year, the company posted $1.12 earnings per share. As a group, analysts anticipate that Bank of Hawaii Co. will post 3.4 earnings per share for the current fiscal 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 4.19%. The ex-dividend date of this dividend was Friday, August 30th. Bank of Hawaii’s payout ratio is currently 72.16%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson boosted their target price on Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised Bank of Hawaii from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $60.00 to $67.00 in a research note on Wednesday, October 2nd. Jefferies Financial Group boosted their target price on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Finally, Piper Sandler cut Bank of Hawaii from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $70.00 to $61.00 in a research note on Monday, August 12th. 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.com, Bank of Hawaii presently has an average rating of “Hold” and a consensus price target of $60.40.

Insider Activity

In other news, insider Taryn L. Salmon sold 2,364 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $67.80, for a total value of $160,279.20. Following the completion of the sale, the insider now directly owns 10,785 shares of the company’s stock, valued at approximately $731,223. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.