Quantinno Capital Management LP Purchases 9,547 Shares of Bank of Hawaii Co. (NYSE:BOH)

Quantinno Capital Management LP boosted its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 68.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,574 shares of the bank's stock after acquiring an additional 9,547 shares during the period. Quantinno Capital Management LP owned 0.06% of Bank of Hawaii worth $1,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BOH. Balyasny Asset Management L.P. acquired a new position in shares of Bank of Hawaii during the fourth quarter worth approximately $54,309,000. Ameriprise Financial Inc. raised its holdings in Bank of Hawaii by 558.1% during the fourth quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank's stock worth $46,084,000 after buying an additional 548,599 shares during the last quarter. Norges Bank bought a new position in shares of Bank of Hawaii in the fourth quarter valued at $27,495,000. Freestone Grove Partners LP acquired a new position in shares of Bank of Hawaii during the fourth quarter valued at about $13,678,000. Finally, 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 acquiring an additional 163,503 shares in the last quarter. Institutional investors own 82.18% of the company's stock.

Bank of Hawaii Trading Down 3.1%

NYSE:BOH opened at $67.36 on Thursday. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The firm has a 50-day moving average price of $66.68 and a two-hundred day moving average price of $71.00. 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 firm has a market cap of $2.68 billion, a price-to-earnings ratio of 19.47 and a beta of 0.76.

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

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.16%. Bank of Hawaii's payout ratio is presently 78.65%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson upped their target price on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Barclays boosted their price objective on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a report on Tuesday, April 22nd. Finally, Piper Sandler raised their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. Three 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 company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $73.17.

Insider Transactions at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 1,652 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the sale, the insider now directly owns 6,442 shares in the company, valued at approximately $426,138.30. The trade was a 20.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.07% of the stock is owned by corporate insiders.

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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