6,374 Shares in Bank of Hawaii Corporation $BOH Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 6,374 shares of Bank of Hawaii Corporation (NYSE:BOH), valued at approximately $430,000, during the 2nd quarter.
• Bank of Hawaii recently reported $1.06 earnings per share for the last quarter, exceeding analysts' expectations of $1.04, along with a net margin of 16.30%.
• The bank announced a quarterly dividend of $0.70 per share, showcasing a 4.4% dividend yield and a payout ratio of approximately 73.49%.

Callan Family Office LLC acquired a new position in Bank of Hawaii Corporation (NYSE:BOH - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,374 shares of the bank's stock, valued at approximately $430,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BOH. Wealth Enhancement Advisory Services LLC bought a new position in Bank of Hawaii in the 4th quarter worth approximately $224,000. Avior Wealth Management LLC boosted its holdings in Bank of Hawaii by 30.6% in the 1st quarter. Avior Wealth Management LLC now owns 14,002 shares of the bank's stock worth $966,000 after buying an additional 3,283 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Bank of Hawaii by 41.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,625 shares of the bank's stock valued at $802,000 after purchasing an additional 3,433 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Bank of Hawaii by 12.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,691 shares of the bank's stock valued at $806,000 after purchasing an additional 1,291 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock valued at $40,000 after purchasing an additional 305 shares during the period. 82.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on BOH shares. Barclays raised their price target on shares of Bank of Hawaii from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Piper Sandler assumed coverage on shares of Bank of Hawaii in a research report on Thursday, August 21st. They set a "neutral" rating and a $71.00 price objective on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Bank of Hawaii in a research report on Wednesday, October 8th. Finally, Stephens decreased their target price on shares of Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 29th. 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $75.00.

Bank of Hawaii Price Performance

BOH stock opened at $64.22 on Wednesday. The firm's 50-day moving average price is $66.16 and its two-hundred day moving average price is $66.38. Bank of Hawaii Corporation has a 12-month low of $57.44 and a 12-month high of $82.70. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.75 and a beta of 0.81. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.40.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The bank reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. The firm had revenue of $174.48 million for the quarter, compared to analysts' expectations of $177.82 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. As a group, equities analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.4%. Bank of Hawaii's payout ratio is presently 73.49%.

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.

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