Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 43.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,309 shares of the bank’s stock after acquiring an additional 2,500 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Bank of Hawaii were worth $522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Bank of Hawaii in the second quarter valued at approximately $106,000. Point72 DIFC Ltd acquired a new position in Bank of Hawaii during the second quarter worth $119,000. UMB Bank n.a. lifted its holdings in Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Bank of Hawaii in the second quarter valued at about $172,000. Finally, Bridges Investment Management Inc. purchased a new stake in shares of Bank of Hawaii during the second quarter worth about $205,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insider Activity

In related news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the sale, the insider now directly owns 13,717 shares in the company, valued at approximately $991,327.59. The trade was a 8.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.47% of the company’s stock.

Analysts Set New Price Targets

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

Bank of Hawaii Stock Down 0.2 %

NYSE BOH opened at $77.01 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $81.45. The business’s fifty day simple moving average is $68.28 and its 200-day simple moving average is $63.85. The firm has a market cap of $3.06 billion, a PE ratio of 23.13, a P/E/G ratio of 5.10 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last posted 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. The company had revenue of $265.76 million for 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 period in the previous year, the business posted $1.17 EPS. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm 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 $0.70 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.64%. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

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.