Fox Run Management L.L.C. Acquires New Position in Bank of Hawaii Corporation $BOH

Fox Run Management L.L.C. bought a new position in Bank of Hawaii Corporation (NYSE:BOH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,603 shares of the bank’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BOH. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Bank of Hawaii by 133.9% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 22,473 shares of the bank’s stock worth $1,518,000 after acquiring an additional 12,863 shares during the last quarter. Atria Investments Inc lifted its stake in Bank of Hawaii by 6.1% in the second quarter. Atria Investments Inc now owns 6,297 shares of the bank’s stock worth $425,000 after purchasing an additional 362 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Bank of Hawaii by 36.2% in the second quarter. Teacher Retirement System of Texas now owns 9,062 shares of the bank’s stock worth $612,000 after purchasing an additional 2,409 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in Bank of Hawaii by 177.5% during the second quarter. Y Intercept Hong Kong Ltd now owns 15,405 shares of the bank’s stock valued at $1,040,000 after buying an additional 9,854 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Bank of Hawaii by 7.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,526 shares of the bank’s stock valued at $846,000 after buying an additional 835 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Price Performance

BOH opened at $65.98 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $2.63 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.76 and a beta of 0.88. The stock’s 50 day moving average price is $65.16 and its 200-day moving average price is $66.36. Bank of Hawaii Corporation has a 52-week low of $57.44 and a 52-week high of $82.70.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. The business had revenue of $182.64 million for the quarter, compared to analysts’ expectations of $180.95 million. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. During the same quarter in the previous year, the business posted $0.93 earnings per share. On average, equities research analysts predict that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, November 28th. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. Bank of Hawaii’s payout ratio is currently 68.63%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BOH. DA Davidson reissued a “neutral” rating and issued a $70.00 target price on shares of Bank of Hawaii in a research note on Tuesday, October 28th. Stephens lowered their price objective on Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, July 29th. Piper Sandler assumed coverage on Bank of Hawaii in a research note on Thursday, August 21st. They set a “neutral” rating and a $71.00 price objective for the company. Barclays lifted their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bank of Hawaii in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.20.

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.