Graham Capital Management L.P. Has $1.63 Million Stock Position in Bank of Hawaii Corporation $BOH

Key Points

• Graham Capital Management L.P. increased its stake in Bank of Hawaii Corporation by 142.1% in the first quarter, holding 23,685 shares valued at approximately $1.63 million.
• Bank of Hawaii reported a quarterly EPS of $1.06, slightly exceeding analysts' estimates, but its revenue fell short of expectations at $174.48 million.
• The bank has declared a quarterly dividend of $0.70 per share, representing an annual yield of 4.2%, with the payment date set for September 15th.

Graham Capital Management L.P. grew its position in Bank of Hawaii Corporation (NYSE:BOH - Free Report) by 142.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,685 shares of the bank's stock after purchasing an additional 13,902 shares during the period. Graham Capital Management L.P. owned approximately 0.06% of Bank of Hawaii worth $1,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in Bank of Hawaii by 80.2% in the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock worth $27,000 after purchasing an additional 174 shares during the last quarter. Private Trust Co. NA grew its position in Bank of Hawaii by 18,333.3% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after purchasing an additional 550 shares during the last quarter. Golden State Wealth Management LLC grew its position in Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock worth $40,000 after purchasing an additional 305 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Bank of Hawaii in the 4th quarter worth about $49,000. Finally, CWM LLC grew its position in Bank of Hawaii by 31.9% in the 1st quarter. CWM LLC now owns 1,643 shares of the bank's stock worth $113,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 82.18% of the company's stock.

Wall Street Analysts Forecast Growth

BOH has been the subject of a number of research analyst reports. Stephens reduced their price target on shares of Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Barclays upped their price target on shares of Bank of Hawaii from $67.00 to $68.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Finally, Piper Sandler assumed coverage on shares of Bank of Hawaii in a research note on Thursday, August 21st. They issued a "neutral" rating and a $71.00 price target for the company. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Bank of Hawaii has a consensus rating of "Hold" and an average target price of $75.00.

Bank of Hawaii Trading Down 0.8%

Shares of BOH stock traded down $0.54 during trading hours on Friday, reaching $68.32. 469,093 shares of the stock traded hands, compared to its average volume of 337,290. Bank of Hawaii Corporation has a 1-year low of $57.44 and a 1-year high of $82.70. The business has a fifty day moving average price of $66.75 and a 200 day moving average price of $67.05. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.72 billion, a PE ratio of 17.93, a PEG ratio of 0.88 and a beta of 0.84.

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

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, August 29th. Bank of Hawaii's dividend payout ratio is currently 73.49%.

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.