Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 452.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,546 shares of the bank's stock after purchasing an additional 29,114 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.09% of Bank of Hawaii worth $2,532,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BOH. SBI Securities Co. Ltd. purchased a new stake in shares of Bank of Hawaii during the fourth quarter valued at $50,000. Headlands Technologies LLC boosted its stake in shares of Bank of Hawaii by 285.8% during the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock valued at $68,000 after purchasing an additional 703 shares during the period. CoreFirst Bank & Trust purchased a new stake in shares of Bank of Hawaii during the fourth quarter valued at $70,000. Smartleaf Asset Management LLC lifted its stake in Bank of Hawaii by 204.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock worth $110,000 after acquiring an additional 1,037 shares during the period. Finally, KBC Group NV lifted its stake in Bank of Hawaii by 70.9% in the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $139,000 after acquiring an additional 812 shares during the period. 82.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $426,138.30. This represents a 20.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.07% of the company's stock.

Bank of Hawaii Price Performance

Shares of NYSE:BOH traded down $0.82 during midday trading on Friday, reaching $66.80. 412,610 shares of the company's stock traded hands, compared to its average volume of 381,783. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70. The company has a market cap of $2.65 billion, a P/E ratio of 19.30 and a beta of 0.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The company has a fifty day simple moving average of $66.63 and a two-hundred day simple moving average of $70.82.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.08. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The firm had revenue of $169.87 million for the quarter, compared to analyst estimates of $168.65 million. During the same quarter last year, the firm posted $0.87 EPS. Equities analysts predict 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. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.19%. Bank of Hawaii's dividend payout ratio (DPR) is 78.65%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BOH shares. Piper Sandler upped 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 note on Tuesday, January 28th. DA Davidson upped their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Finally, Barclays upped their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a report on Tuesday, April 22nd. Three 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 company. According to MarketBeat.com, Bank of Hawaii has an average rating of "Hold" and a consensus price target of $73.17.

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.