J.W. Cole Advisors Inc. Makes New $469,000 Investment in Bank of Hawaii Co. (NYSE:BOH)

J.W. Cole Advisors Inc. bought a new position in Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,469 shares of the bank’s stock, valued at approximately $469,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in shares of Bank of Hawaii by 28.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock valued at $131,789,000 after buying an additional 590,492 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,092 shares of the bank’s stock valued at $55,558,000 after buying an additional 39,512 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Bank of Hawaii by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 506,438 shares of the bank’s stock valued at $25,165,000 after buying an additional 6,094 shares in the last quarter. Northern Trust Corp raised its position in shares of Bank of Hawaii by 0.9% during the 3rd quarter. Northern Trust Corp now owns 415,092 shares of the bank’s stock valued at $20,626,000 after buying an additional 3,736 shares in the last quarter. Finally, Newport Trust Company LLC purchased a new stake in shares of Bank of Hawaii during the 3rd quarter valued at $20,170,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BOH shares. Barclays lowered their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a report on Tuesday. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Piper Sandler reduced their target price on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group reduced their target price on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Hawaii has an average rating of “Reduce” and an average price target of $52.20.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock opened at $58.20 on Wednesday. The firm has a market cap of $2.31 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. Bank of Hawaii Co. has a 12-month low of $30.83 and a 12-month high of $75.19. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $60.41 and its two-hundred day simple moving average is $60.81.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The firm had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. During the same period last year, the business earned $1.14 EPS. As a group, equities analysts expect that Bank of Hawaii Co. will post 3.72 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Friday, May 31st. Bank of Hawaii’s payout ratio is 72.16%.

About Bank of Hawaii

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.