3,355 Shares in Bank of Hawaii Co. (NYSE:BOH) Purchased by Wealth Alliance

Wealth Alliance bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH) in the 4th quarter, HoldingsChannel.com reports. The firm bought 3,355 shares of the bank’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sei Investments Co. grew its position in Bank of Hawaii by 1.9% during the first quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock worth $724,000 after buying an additional 151 shares in the last quarter. Point72 Hong Kong Ltd boosted its holdings in shares of Bank of Hawaii by 27.9% in the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock worth $60,000 after purchasing an additional 155 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Bank of Hawaii by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 21,833 shares of the bank’s stock worth $1,662,000 after purchasing an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bank of Hawaii by 16.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,387 shares of the bank’s stock worth $108,000 after purchasing an additional 194 shares in the last quarter. Finally, Harrington Investments INC boosted its holdings in shares of Bank of Hawaii by 1.1% in the 4th quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock worth $1,355,000 after purchasing an additional 200 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BOH shares. Piper Sandler cut their price objective on Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Barclays assumed coverage on Bank of Hawaii in a research note on Friday, March 8th. They issued an “underweight” rating and a $51.00 target price for the company. Keefe, Bruyette & Woods lowered their target price on Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 23rd. Finally, Jefferies Financial Group lowered their target price on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $53.60.

Bank of Hawaii Stock Performance

Shares of BOH opened at $56.41 on Friday. The business’s fifty day simple moving average is $60.58 and its two-hundred day simple moving average is $60.41. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. Bank of Hawaii Co. has a 12 month low of $30.83 and a 12 month high of $75.19. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.89 and a beta of 1.06.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. The business had revenue of $252.63 million for the quarter, compared to the consensus estimate of $161.03 million. During the same period last year, the business posted $1.50 EPS. Research analysts anticipate that Bank of Hawaii Co. will post 3.72 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.96%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 67.47%.

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.