Graham Capital Management L.P. Cuts Stake in Bank of Hawaii Co. (NYSE:BOH)

Graham Capital Management L.P. decreased its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 50.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,783 shares of the bank's stock after selling 10,148 shares during the period. Graham Capital Management L.P.'s holdings in Bank of Hawaii were worth $697,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Bank of Hawaii by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock valued at $329,001,000 after purchasing an additional 31,918 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock valued at $111,955,000 after purchasing an additional 60,092 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Bank of Hawaii by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank's stock valued at $59,884,000 after buying an additional 42,719 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Bank of Hawaii during the 4th quarter valued at approximately $54,309,000. Finally, Ameriprise Financial Inc. boosted its holdings in Bank of Hawaii by 558.1% in the 4th 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 period. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Price Performance

NYSE:BOH traded down $0.07 during trading hours on Friday, hitting $69.98. 352,592 shares of the company's stock traded hands, compared to its average volume of 379,300. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The business's fifty day simple moving average is $66.56 and its two-hundred day simple moving average is $71.06. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.78 billion, a P/E ratio of 20.23 and a beta of 0.76.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million for the quarter, compared to analysts' expectations of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same period in the prior year, the business earned $0.87 earnings per share. On average, research analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii's dividend payout ratio (DPR) is currently 78.65%.

Analysts Set New Price Targets

Several research firms have issued reports on BOH. Piper Sandler increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Barclays increased 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, DA Davidson lifted their target price on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $73.17.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $66.15, for a total transaction of $109,279.80. Following the completion of the sale, the insider now directly owns 6,442 shares in the company, valued at $426,138.30. This represents a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.07% of the stock is currently owned by insiders.

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.