Bank of Hawaii Co. (NYSE:BOH) Shares Purchased by State Street Corp

State Street Corp grew its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,244,649 shares of the bank’s stock after buying an additional 106,717 shares during the period. State Street Corp owned 0.06% of Bank of Hawaii worth $140,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Stifel Financial Corp boosted its holdings in Bank of Hawaii by 1.2% in the third quarter. Stifel Financial Corp now owns 68,757 shares of the bank’s stock valued at $4,316,000 after purchasing an additional 788 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Bank of Hawaii by 36.7% in the 3rd quarter. Quantinno Capital Management LP now owns 14,027 shares of the bank’s stock valued at $880,000 after buying an additional 3,764 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Bank of Hawaii by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 23,655 shares of the bank’s stock valued at $1,477,000 after buying an additional 789 shares during the last quarter. Holocene Advisors LP acquired a new stake in Bank of Hawaii during the 3rd quarter worth $1,355,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in Bank of Hawaii by 29.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock valued at $150,000 after acquiring an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $74.08 on Friday. The stock has a fifty day moving average price of $73.41 and a 200 day moving average price of $66.19. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $2.94 billion, a PE ratio of 22.25, a P/E/G ratio of 4.86 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The business had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Sell-side analysts forecast that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, November 29th. Bank of Hawaii’s payout ratio is 84.08%.

Insider Transactions at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. This represents a 8.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

BOH has been the topic of several research reports. Barclays raised their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. DA Davidson lifted their price target on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler raised their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Stephens started coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and an average target price of $71.83.

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.