Two Sigma Advisers LP purchased a new stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,900 shares of the bank's stock, valued at approximately $349,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Swiss National Bank boosted its stake in shares of Bank of Hawaii by 0.8% in the fourth quarter. Swiss National Bank now owns 78,137 shares of the bank's stock worth $5,566,000 after acquiring an additional 600 shares during the period. JPMorgan Chase & Co. lifted its holdings in Bank of Hawaii by 188.8% in the 4th 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. boosted its stake in Bank of Hawaii by 2.9% in the 4th 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 during the period. Barclays PLC boosted its stake in Bank of Hawaii by 91.2% in the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank's stock worth $5,870,000 after purchasing an additional 44,599 shares during the period. Finally, Norges Bank purchased a new stake in Bank of Hawaii during the 4th quarter valued at approximately $27,495,000. Hedge funds and other institutional investors own 82.18% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Barclays boosted their target price on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $73.17.
Check Out Our Latest Research Report on Bank of Hawaii
Insider Transactions at Bank of Hawaii
In related news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the transaction, the insider now owns 6,442 shares of the company's stock, valued at approximately $426,138.30. This trade represents a 20.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.07% of the company's stock.
Bank of Hawaii Price Performance
Bank of Hawaii stock traded up $0.73 during midday trading on Monday, reaching $67.68. 294,893 shares of the stock traded hands, compared to its average volume of 382,891. The stock has a market cap of $2.69 billion, a P/E ratio of 19.56 and a beta of 0.77. The stock's fifty day moving average is $66.14 and its 200-day moving average is $70.04. 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 Co. has a 12 month low of $54.98 and a 12 month high of $82.70.
Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its 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. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The firm had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. During the same period in the prior year, the company earned $0.87 EPS. As a group, equities research analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.
Bank of Hawaii Announces Dividend
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.14%. Bank of Hawaii's payout ratio is currently 78.65%.
About Bank of Hawaii
(
Free Report)
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.
Read More
Before you consider Bank of Hawaii, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Hawaii wasn't on the list.
While Bank of Hawaii currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
