Tudor Investment Corp ET AL Lowers Position in Bank of Hawaii Co. (NYSE:BOH)

Tudor Investment Corp ET AL reduced its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,652 shares of the bank's stock after selling 72,916 shares during the period. Tudor Investment Corp ET AL owned 0.17% of Bank of Hawaii worth $4,748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in Bank of Hawaii by 91.2% during the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank's stock valued at $5,870,000 after purchasing an additional 44,599 shares during the last quarter. JPMorgan Chase & Co. grew its position in Bank of Hawaii by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank's stock worth $5,435,000 after buying an additional 10,390 shares in the last quarter. Cadinha & Co. LLC grew its position in Bank of Hawaii by 12.2% during the fourth quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank's stock worth $277,000 after buying an additional 423 shares in the last quarter. KBC Group NV raised its holdings in Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after acquiring an additional 812 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of Bank of Hawaii by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank's stock worth $1,168,000 after acquiring an additional 154 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays upped their target price on Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a research note on Tuesday, April 22nd. Piper Sandler lifted their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Finally, DA Davidson increased their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Bank of Hawaii has an average rating of "Hold" and an average target price of $73.17.

Bank of Hawaii Price Performance

BOH stock traded up $0.73 during midday trading on Wednesday, reaching $68.54. 24,888 shares of the company's stock traded hands, compared to its average volume of 369,819. The company has a 50-day simple moving average of $66.64 and a two-hundred day simple moving average of $71.00. 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 1-year low of $54.50 and a 1-year high of $82.70. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 19.81 and a beta of 0.76.

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

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Friday, May 30th. Bank of Hawaii's dividend payout ratio (DPR) is presently 78.65%.

Insider Activity

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction on 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 owns 6,442 shares of the company's stock, valued at approximately $426,138.30. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.07% of the company's stock.

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.