Deutsche Bank AG Acquires 67,118 Shares of Bank of Hawaii Corporation (NYSE:BOH)

Key Points

• Deutsche Bank AG has increased its stake in Bank of Hawaii Corporation by 63%, owning a total of 173,635 shares valued at approximately $11.98 million after acquiring an additional 67,118 shares in the first quarter.
• Analyst ratings for Bank of Hawaii show mixed opinions, with a consensus rating of "Hold" and a price target of $74.40, while Barclays has rated it "underweight" after raising the target price from $67.00 to $68.00.
• The Bank of Hawaii recently declared a quarterly dividend of $0.70, with an annualized dividend yield of 4.2%, highlighting its ongoing commitment to returning value to shareholders.

Deutsche Bank AG increased its holdings in shares of Bank of Hawaii Corporation (NYSE:BOH - Free Report) by 63.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 173,635 shares of the bank's stock after buying an additional 67,118 shares during the quarter. Deutsche Bank AG owned 0.44% of Bank of Hawaii worth $11,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Balyasny Asset Management L.P. acquired a new position in Bank of Hawaii in the 4th quarter worth about $54,309,000. Ameriprise Financial Inc. increased its holdings in Bank of Hawaii by 558.1% in the 4th quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank's stock worth $46,084,000 after purchasing an additional 548,599 shares in the last quarter. Freestone Grove Partners LP acquired a new position in Bank of Hawaii in the 4th quarter worth about $13,678,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Bank of Hawaii by 168.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 245,495 shares of the bank's stock worth $17,489,000 after purchasing an additional 154,107 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Bank of Hawaii by 168.5% in the 4th quarter. Squarepoint Ops LLC now owns 121,053 shares of the bank's stock worth $8,624,000 after purchasing an additional 75,961 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on BOH shares. Barclays upped their target price on Bank of Hawaii from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Stephens lowered their target price on Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $74.40.

Bank of Hawaii Trading Down 0.4%

Shares of BOH stock opened at $66.82 on Friday. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 0.87 and a beta of 0.80. The stock has a 50-day moving average of $66.49 and a 200-day moving average of $67.85. 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 Corporation has a 1-year low of $57.44 and a 1-year high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The company had revenue of $174.48 million during the quarter, compared to analysts' expectations of $177.82 million. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities research analysts forecast that Bank of Hawaii Corporation will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. Bank of Hawaii's dividend payout ratio is presently 73.49%.

About Bank of Hawaii

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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