Tudor Investment Corp ET AL Sells 72,916 Shares of Bank of Hawaii Co. (NYSE:BOH)

Tudor Investment Corp ET AL lessened its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 52.2% in the 4th quarter, according to its most recent filing with the SEC. 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 approximately 0.17% of Bank of Hawaii worth $4,748,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in Bank of Hawaii in the 4th quarter valued at about $27,495,000. JPMorgan Chase & Co. raised its position in shares of Bank of Hawaii by 188.8% in the 4th quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock valued at $17,817,000 after purchasing an additional 163,503 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Bank of Hawaii in the fourth quarter valued at about $4,798,000. Congress Asset Management Co. raised its stake in Bank of Hawaii by 108.6% during the fourth quarter. Congress Asset Management Co. now owns 127,500 shares of the bank's stock worth $9,083,000 after acquiring an additional 66,366 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in 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 worth $111,955,000 after buying an additional 60,092 shares during the period. Hedge funds and other institutional investors own 82.18% of the company's stock.

Bank of Hawaii Stock Performance

Shares of NYSE BOH traded up $0.10 during mid-day trading on Tuesday, reaching $68.35. 96,673 shares of the company were exchanged, compared to its average volume of 370,072. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The stock has a market capitalization of $2.72 billion, a P/E ratio of 19.75 and a beta of 0.76. The company's 50-day simple moving average is $66.71 and its 200-day simple moving average is $71.02. 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 (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million for the quarter, compared to analyst estimates of $168.65 million. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. During the same quarter last year, the company posted $0.87 EPS. As a group, research analysts predict that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.10%. Bank of Hawaii's payout ratio is currently 78.65%.

Insider Transactions at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $426,138.30. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.07% of the company's stock.

Analyst Upgrades and Downgrades

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

About Bank of Hawaii

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.