Cubist Systematic Strategies LLC Has $1.53 Million Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Cubist Systematic Strategies LLC decreased its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 64.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,451 shares of the bank's stock after selling 38,149 shares during the quarter. Cubist Systematic Strategies LLC owned 0.05% of Bank of Hawaii worth $1,528,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Perigon Wealth Management LLC raised its position in Bank of Hawaii by 0.9% during the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank's stock worth $1,168,000 after acquiring an additional 154 shares in the last quarter. Mariner LLC lifted its holdings in Bank of Hawaii by 1.7% during 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. Cetera Investment Advisers increased its holdings in shares of Bank of Hawaii by 3.7% in the fourth quarter. Cetera Investment Advisers now owns 4,457 shares of the bank's stock valued at $318,000 after purchasing an additional 158 shares during the last quarter. Bank of Montreal Can raised its position in shares of Bank of Hawaii by 5.9% in the fourth 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 period. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Bank of Hawaii by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,089 shares of the bank's stock worth $291,000 after buying an additional 260 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.07% of the stock is currently owned by insiders.

Bank of Hawaii Price Performance

Shares of NYSE BOH traded down $0.07 during mid-day trading on Friday, reaching $69.98. The company had a trading volume of 352,592 shares, compared to its average volume of 377,540. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 20.23 and a beta of 0.76. The business's 50-day simple moving average is $66.51 and its 200 day simple moving average is $71.09. Bank of Hawaii Co. has a one year low of $54.50 and a one year 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.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The firm had revenue of $169.87 million for the quarter, compared to analyst estimates of $168.65 million. During the same period last year, the firm earned $0.87 EPS. On average, research 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 firm 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. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.00%. Bank of Hawaii's dividend payout ratio is currently 78.65%.

Wall Street Analyst Weigh In

BOH has been the subject of several research reports. Piper Sandler raised their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. DA Davidson boosted their price target 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. Finally, Barclays increased their price objective on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Bank of Hawaii has an average rating of "Hold" and a consensus price target of $73.17.

Bank of Hawaii Company 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.