Advantage Alpha Capital Partners LP Acquires 984 Shares of Bank of Hawaii Co. (NYSE:BOH)

Advantage Alpha Capital Partners LP raised its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,701 shares of the bank’s stock after purchasing an additional 984 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Bank of Hawaii were worth $620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Bank of Hawaii in the 4th quarter valued at $50,000. Smartleaf Asset Management LLC lifted its holdings in Bank of Hawaii by 204.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after buying an additional 1,037 shares during the period. KBC Group NV boosted its position in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after acquiring an additional 812 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Bank of Hawaii by 29.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after acquiring an additional 536 shares during the period. Finally, Xponance Inc. bought a new position in shares of Bank of Hawaii in the 4th quarter worth about $201,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

BOH opened at $70.15 on Tuesday. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 20.27 and a beta of 1.01. The company’s fifty day moving average price is $71.42 and its two-hundred day moving average price is $70.79. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 3.99%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 80.92%.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the completion of the sale, the chief accounting officer now owns 9,173 shares in the company, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays upped their target price on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Stephens initiated coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company. Piper Sandler lifted their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. DA Davidson increased their target price on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.00.

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.