XTX Topco Ltd Makes New $1.23 Million Investment in Bank of Hawaii Corporation (NYSE:BOH)

Key Points

• XTX Topco Ltd acquired 17,779 shares of Bank of Hawaii Corporation valued at approximately $1,226,000 during the first quarter.
• Recent analyst reports show Stephens lowered their price target from $78.00 to $76.00, while Barclays raised theirs from $67.00 to $68.00, with an overall average target price of $74.40.
• Bank of Hawaii announced a quarterly dividend of $0.70 to be paid on September 15th, representing an annualized dividend yield of 4.6%.

XTX Topco Ltd acquired a new position in shares of Bank of Hawaii Corporation (NYSE:BOH - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 17,779 shares of the bank's stock, valued at approximately $1,226,000.

Several other large investors also recently bought and sold shares of BOH. Mariner LLC grew its position in shares of Bank of Hawaii by 1.7% in the fourth quarter. Mariner LLC now owns 9,076 shares of the bank's stock valued at $647,000 after purchasing an additional 154 shares in the last quarter. Wealth Alliance LLC grew its position in shares of Bank of Hawaii by 5.0% in the first quarter. Wealth Alliance LLC now owns 3,270 shares of the bank's stock valued at $226,000 after purchasing an additional 155 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Bank of Hawaii by 3.7% in the fourth quarter. Cetera Investment Advisers now owns 4,457 shares of the bank's stock valued at $318,000 after purchasing an additional 158 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Bank of Hawaii by 80.2% in the first quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock valued at $27,000 after purchasing an additional 174 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Bank of Hawaii by 5.9% in the fourth quarter. Bank of Montreal Can now owns 4,592 shares of the bank's stock valued at $327,000 after purchasing an additional 254 shares in 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 research analysts have recently issued reports on BOH shares. Stephens dropped their price target on Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday, July 29th. Barclays upped their price target on Bank of Hawaii from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $74.40.

Bank of Hawaii Trading Up 0.3%

Bank of Hawaii stock traded up $0.19 during mid-day trading on Tuesday, hitting $62.75. The company's stock had a trading volume of 91,421 shares, compared to its average volume of 429,559. The firm has a market capitalization of $2.50 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 0.80 and a beta of 0.80. Bank of Hawaii Corporation has a 1 year low of $57.44 and a 1 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 stock's fifty day moving average is $66.86 and its two-hundred day moving average is $68.21.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, topping 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 company had revenue of $174.48 million during the quarter, compared to analyst estimates of $177.82 million. During the same period in the prior year, the business posted $0.81 earnings per share. On average, analysts anticipate that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, August 29th. Bank of Hawaii's dividend payout ratio (DPR) is presently 73.49%.

Bank of Hawaii 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.