Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 7,070.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,244 shares of the bank's stock after purchasing an additional 44,613 shares during the period. GAMMA Investing LLC owned about 0.11% of Bank of Hawaii worth $3,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank increased its position in shares of Bank of Hawaii by 0.8% during the fourth quarter. Swiss National Bank now owns 78,137 shares of the bank's stock worth $5,566,000 after purchasing an additional 600 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Bank of Hawaii by 188.8% during the fourth quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock worth $17,817,000 after purchasing an additional 163,503 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Bank of Hawaii by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank's stock worth $13,729,000 after purchasing an additional 5,451 shares in the last quarter. Norges Bank acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth about $27,495,000. Finally, Marble Harbor Investment Counsel LLC increased its position in shares of Bank of Hawaii by 8.0% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 89,304 shares of the bank's stock worth $6,362,000 after purchasing an additional 6,610 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

Bank of Hawaii Stock Performance

BOH stock traded down $1.60 during trading on Friday, hitting $65.17. The company had a trading volume of 287,083 shares, compared to its average volume of 381,580. The firm has a market cap of $2.59 billion, a PE ratio of 18.84 and a beta of 0.77. Bank of Hawaii Co. has a 1-year low of $55.30 and a 1-year high of $82.70. The firm has a 50-day moving average price of $66.50 and a 200-day moving average price of $69.72. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $169.87 million for the quarter, compared to analysts' expectations 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 previous year, the firm posted $0.87 EPS. On average, analysts expect that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.30%. The ex-dividend date was Friday, May 30th. Bank of Hawaii's dividend payout ratio (DPR) is presently 78.65%.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the business'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 transaction, the insider now owns 6,442 shares in the company, valued at approximately $426,138.30. The trade was a 20.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their target price on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.