Advisors Preferred LLC Makes New $1.36 Million Investment in Bank of Hawaii Corporation $BOH

Key Points

• Advisors Preferred LLC purchased a new stake of 19,824 shares in Bank of Hawaii (NYSE:BOH) during Q4, valued at approximately $1.36 million.
• The bank declared a quarterly dividend of $0.70 per share (annualized $2.80), about a 3.5% yield
• In the latest quarter BOH reported EPS of $1.30, missing consensus of $1.33, with revenue of $192.3M versus $193.5M, and analysts hold a mixed view (average rating: "Hold", average target: $85.40).

Advisors Preferred LLC purchased a new position in shares of Bank of Hawaii Corporation (NYSE:BOH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,824 shares of the bank's stock, valued at approximately $1,356,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in Bank of Hawaii during the fourth quarter worth about $27,000. Farther Finance Advisors LLC increased its stake in Bank of Hawaii by 150.0% during the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank's stock worth $30,000 after acquiring an additional 270 shares during the last quarter. Quarry LP increased its stake in Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank's stock worth $38,000 after acquiring an additional 539 shares during the last quarter. Strs Ohio acquired a new stake in shares of Bank of Hawaii in the first quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Bank of Hawaii by 461.3% in the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank's stock valued at $42,000 after buying an additional 512 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $80.17 on Monday. Bank of Hawaii Corporation has a fifty-two week low of $59.36 and a fifty-two week high of $82.74. The business has a 50 day moving average price of $76.14 and a two-hundred day moving average price of $71.69. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. The firm has a market cap of $3.18 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 0.74 and a beta of 0.73.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. The business had revenue of $192.32 million for the quarter, compared to analyst estimates of $193.53 million. During the same quarter last year, the business earned $0.97 EPS. Sell-side analysts expect that Bank of Hawaii Corporation will post 5.86 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, May 29th. Bank of Hawaii's dividend payout ratio (DPR) is 56.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BOH shares. Wall Street Zen lowered Bank of Hawaii from a "hold" rating to a "sell" rating in a research note on Saturday, April 25th. Zacks Research lowered Bank of Hawaii from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Piper Sandler lowered their target price on Bank of Hawaii from $84.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, April 2nd. DA Davidson increased their target price on Bank of Hawaii from $77.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $91.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $85.40.

Bank of Hawaii Company Profile

Bank of Hawaii NYSE: BOH is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.

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