Louisiana State Employees Retirement System Invests $1.44 Million in Bank of Hawaii Co. (NYSE:BOH)

Louisiana State Employees Retirement System bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 19,900 shares of the bank's stock, valued at approximately $1,442,000. Louisiana State Employees Retirement System owned 0.05% of Bank of Hawaii at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Bank of Hawaii in the 4th quarter worth about $8,952,000. FMR LLC raised its position in shares of Bank of Hawaii by 56.4% in the 3rd quarter. FMR LLC now owns 53,998 shares of the bank's stock worth $2,683,000 after acquiring an additional 19,480 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,092 shares of the bank's stock worth $55,558,000 after acquiring an additional 39,512 shares in the last quarter. North Reef Capital Management LP bought a new position in shares of Bank of Hawaii in the 3rd quarter worth about $8,479,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Bank of Hawaii by 47.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 147,749 shares of the bank's stock worth $7,342,000 after acquiring an additional 47,282 shares in the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on BOH shares. Barclays started coverage on Bank of Hawaii in a research report on Friday, March 8th. They issued an "underweight" rating and a $51.00 target price for the company. Piper Sandler decreased their target price on Bank of Hawaii from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Tuesday, January 23rd. StockNews.com raised Bank of Hawaii to a "sell" rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods decreased their target price on Bank of Hawaii from $57.00 to $55.00 and set an "underperform" rating for the company in a research report on Tuesday, January 23rd. Finally, Jefferies Financial Group decreased their target price on Bank of Hawaii from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Monday, April 8th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, Bank of Hawaii presently has an average rating of "Reduce" and a consensus target price of $53.60.

Bank of Hawaii Stock Up 3.6 %

BOH traded up $2.02 during midday trading on Friday, reaching $58.40. 550,385 shares of the company were exchanged, compared to its average volume of 233,017. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The company's fifty day moving average price is $60.51 and its 200 day moving average price is $60.67. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. Bank of Hawaii Co. has a one year low of $30.83 and a one year high of $75.19.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The firm had revenue of $252.63 million during the quarter, compared to analyst estimates of $161.03 million. Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. During the same period in the previous year, the company posted $1.50 EPS. As a group, analysts expect that Bank of Hawaii Co. will post 3.72 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a $0.70 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.79%. Bank of Hawaii's payout ratio is presently 67.47%.

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.