Trexquant Investment LP Takes $3.66 Million Position in Bank of Hawaii Corporation $BOH

Key Points

• Trexquant Investment LP has acquired a new stake in Bank of Hawaii Corporation, purchasing 52,994 shares valued at approximately $3.66 million.
• Bank of Hawaii recently reported an earnings per share (EPS) of $1.06, exceeding analysts' estimates of $1.04, alongside a revenue of $174.48 million.
• The company announced a quarterly dividend of $0.70, which represents an annual yield of 4.2%, with the payment set for September 15th.

Trexquant Investment LP 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 SEC. The institutional investor purchased 52,994 shares of the bank's stock, valued at approximately $3,655,000. Trexquant Investment LP owned about 0.13% of Bank of Hawaii as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Alliance LLC increased its holdings in Bank of Hawaii by 5.0% in the 1st quarter. Wealth Alliance LLC now owns 3,270 shares of the bank's stock worth $226,000 after acquiring an additional 155 shares in the last quarter. Cetera Investment Advisers increased its holdings in Bank of Hawaii by 3.7% in the 4th quarter. Cetera Investment Advisers now owns 4,457 shares of the bank's stock worth $318,000 after acquiring an additional 158 shares in the last quarter. Versant Capital Management Inc increased its holdings 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 acquiring an additional 174 shares in the last quarter. Comerica Bank increased its holdings in Bank of Hawaii by 1.0% in the 1st quarter. Comerica Bank now owns 18,581 shares of the bank's stock worth $1,282,000 after acquiring an additional 185 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings 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 acquiring an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company's stock.

Bank of Hawaii Price Performance

BOH traded down $0.54 during trading on Friday, reaching $68.32. 469,093 shares of the company traded hands, compared to its average volume of 337,290. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii Corporation has a 12-month low of $57.44 and a 12-month high of $82.70. The firm has a fifty day simple moving average of $66.75 and a 200 day simple moving average of $67.05. The company has a market cap of $2.72 billion, a P/E 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 announced its quarterly earnings data 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. The business had revenue of $174.48 million during the quarter, compared to analyst estimates of $177.82 million. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. During the same period last year, the firm posted $0.81 EPS. On average, equities analysts forecast that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, August 29th. Bank of Hawaii's dividend payout ratio is currently 73.49%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BOH. Barclays increased 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. Stephens reduced their target price 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, 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 target price for the company. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $75.00.

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.