Bryce Point Capital LLC Buys New Stake in Bank of Hawaii Co. (NYSE:BOH)

Bryce Point Capital LLC purchased a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,726 shares of the bank’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BOH. Norges Bank acquired a new stake in shares of Bank of Hawaii during the 4th quarter valued at about $27,495,000. JPMorgan Chase & Co. grew its holdings in Bank of Hawaii by 188.8% in the fourth quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank’s stock valued at $17,817,000 after purchasing an additional 163,503 shares during the period. State Street Corp grew its holdings in Bank of Hawaii by 5.0% in the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after purchasing an additional 106,717 shares during the period. Congress Asset Management Co. increased its position in shares of Bank of Hawaii by 108.6% in the fourth quarter. Congress Asset Management Co. now owns 127,500 shares of the bank’s stock valued at $9,083,000 after buying an additional 66,366 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Hawaii by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank’s stock worth $111,955,000 after buying an additional 60,092 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Insider Transactions at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 9,173 shares in the company, valued at $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BOH shares. Piper Sandler boosted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. DA Davidson upped their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $61.44 on Friday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 17.76 and a beta of 0.87. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The firm has a 50-day simple moving average of $70.87 and a 200-day simple moving average of $70.96. 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 (NYSE:BOH) last released 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, equities analysts predict that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Friday, February 28th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 80.92%.

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.