Bank of Hawaii Co. (NYSE:BOH) Stock Holdings Raised by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 168.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 approximately 0.30% of Bank of Hawaii worth $8,624,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Swiss National Bank boosted its stake in Bank of Hawaii by 0.8% in the 4th quarter. Swiss National Bank now owns 78,137 shares of the bank's stock worth $5,566,000 after buying an additional 600 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bank of Hawaii by 188.8% in the fourth quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock worth $17,817,000 after acquiring an additional 163,503 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank's stock worth $13,729,000 after acquiring an additional 5,451 shares during the last quarter. Barclays PLC grew its holdings in Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank's stock valued at $5,870,000 after purchasing an additional 44,599 shares during the period. Finally, Norges Bank acquired a new position in Bank of Hawaii during the fourth quarter worth approximately $27,495,000. Institutional investors and hedge funds own 82.18% of the company's stock.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,442 shares in the company, valued at $426,138.30. This trade represents a 20.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.07% of the company's stock.

Bank of Hawaii Stock Down 1.8%

NYSE BOH traded down $1.20 on Wednesday, reaching $66.73. The company had a trading volume of 251,218 shares, compared to its average volume of 380,556. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70. The firm has a 50-day moving average of $66.59 and a 200-day moving average of $70.72. The firm has a market capitalization of $2.65 billion, a PE ratio of 19.29 and a beta of 0.76.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share 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 business had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. During the same period in the prior year, the firm earned $0.87 earnings per share. On average, equities research analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 4.20%. The ex-dividend date is Friday, May 30th. Bank of Hawaii's payout ratio is 78.65%.

Analysts Set New Price Targets

Several analysts have recently issued reports on BOH shares. 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 note on Tuesday, January 28th. Barclays boosted their price target 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. Finally, DA Davidson raised their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Bank of Hawaii has a consensus rating of "Hold" and a consensus target price 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.