Squarepoint Ops LLC Buys 75,961 Shares of Bank of Hawaii Co. (NYSE:BOH)

Squarepoint Ops LLC raised its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 168.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,053 shares of the bank's stock after buying an additional 75,961 shares during the quarter. Squarepoint Ops LLC owned about 0.30% of Bank of Hawaii worth $8,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOH. Barclays PLC grew its holdings in shares of Bank of Hawaii by 91.2% during the third quarter. Barclays PLC now owns 93,504 shares of the bank's stock valued at $5,870,000 after buying an additional 44,599 shares in the last quarter. KBC Group NV increased its stake in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after acquiring an additional 812 shares during the period. Perigon Wealth Management LLC grew its stake 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 purchasing an additional 154 shares during the period. Sippican Capital Advisors acquired a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $215,000. Finally, Trust Point Inc. acquired a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 82.18% of the company's stock.

Insider Buying and Selling

In related news, insider Taryn L. Salmon sold 1,652 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total transaction of $109,279.80. Following the sale, the insider now owns 6,442 shares in the company, valued at $426,138.30. The trade was a 20.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Barclays increased their price objective on Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $73.17.

Bank of Hawaii Trading Down 0.3%

Shares of BOH stock traded down $0.23 during trading hours on Thursday, reaching $66.49. The company had a trading volume of 104,488 shares, compared to its average volume of 446,470. The company has a 50 day moving average of $66.56 and a 200 day moving average of $70.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 19.22 and a beta of 0.76. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70.

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

Bank of Hawaii Dividend Announcement

The company also recently declared 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 4.21%. Bank of Hawaii's dividend payout ratio is 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.