Balyasny Asset Management L.P. Purchases Shares of 762,336 Bank of Hawaii Co. (NYSE:BOH)

Balyasny Asset Management L.P. bought a new position in Bank of Hawaii Co. (NYSE:BOH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 762,336 shares of the bank's stock, valued at approximately $54,309,000. Balyasny Asset Management L.P. owned about 1.92% of Bank of Hawaii at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC lifted its holdings in shares of Bank of Hawaii by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank's stock valued at $1,168,000 after acquiring an additional 154 shares during the last quarter. Mariner LLC lifted its stake in shares of Bank of Hawaii by 1.7% in the 4th quarter. Mariner LLC now owns 9,076 shares of the bank's stock valued at $647,000 after purchasing an additional 154 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Bank of Hawaii by 5.9% in the 4th quarter. Bank of Montreal Can now owns 4,592 shares of the bank's stock valued at $327,000 after purchasing an additional 254 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Bank of Hawaii by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,089 shares of the bank's stock worth $291,000 after purchasing an additional 260 shares during the period. Finally, Illinois Municipal Retirement Fund increased its position in shares of Bank of Hawaii by 1.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank's stock valued at $1,572,000 after purchasing an additional 324 shares during the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BOH has been the topic of a number of analyst reports. Piper Sandler boosted 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 report on Tuesday, January 28th. Barclays raised their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 22nd. Finally, DA Davidson upped their target price on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research note 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $73.17.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the sale, the insider now directly owns 6,442 shares in the company, valued at approximately $426,138.30. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.07% of the stock is owned by insiders.

Bank of Hawaii Stock Down 0.5 %

NYSE BOH traded down $0.31 on Friday, reaching $68.09. 569,795 shares of the stock traded hands, compared to its average volume of 376,309. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The company has a fifty day moving average price of $66.43 and a 200-day moving average price of $71.06. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 19.68 and a beta of 0.76.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $169.87 million during the quarter, compared to analysts' expectations of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same quarter in the prior year, the company earned $0.87 EPS. As a group, research analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii's payout ratio is currently 78.65%.

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.