Ieq Capital LLC Makes New $302,000 Investment in Bank of Hawaii Corporation $BOH

Key Points

• Ieq Capital LLC invested $302,000 in Bank of Hawaii Corporation, acquiring 4,372 shares in the process during the first quarter.
• The bank announced a quarterly dividend of $0.70, with a yield of 4.1%, to be paid on September 15th.
• Analysts currently hold a consensus rating of "Hold" for Bank of Hawaii with an average price target of $75.00.

Ieq Capital LLC purchased a new stake in shares of Bank of Hawaii Corporation (NYSE:BOH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,372 shares of the bank's stock, valued at approximately $302,000.

A number of other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Bank of Hawaii by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 197,888 shares of the bank's stock worth $13,648,000 after acquiring an additional 5,170 shares in the last quarter. Private Trust Co. NA grew its position in shares of 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 buying an additional 550 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Bank of Hawaii by 41.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,625 shares of the bank's stock valued at $802,000 after acquiring an additional 3,433 shares during the period. Oppenheimer Asset Management Inc. raised its position in Bank of Hawaii by 12.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,691 shares of the bank's stock worth $806,000 after acquiring an additional 1,291 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Bank of Hawaii by 110.5% during the first 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. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Piper Sandler began coverage on shares of Bank of Hawaii in a report on Thursday, August 21st. They issued a "neutral" rating and a $71.00 price target for the company. Stephens decreased 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 report on Tuesday, July 29th. Finally, Barclays upped their target price on shares of Bank of Hawaii from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $75.00.

Bank of Hawaii Stock Performance

Shares of BOH stock traded down $0.03 on Thursday, hitting $67.91. 126,143 shares of the stock were exchanged, compared to its average volume of 419,137. Bank of Hawaii Corporation has a one year low of $57.44 and a one year high of $82.70. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.40. The firm's 50 day moving average is $66.66 and its two-hundred day moving average is $67.00. The firm has a market capitalization of $2.70 billion, a PE ratio of 17.82, a P/E/G ratio of 0.88 and a beta of 0.84.

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. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%.The firm had revenue of $174.48 million during the quarter, compared to the consensus estimate of $177.82 million. During the same period last year, the company earned $0.81 earnings per share. Sell-side analysts expect that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend 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.