Bleakley Financial Group LLC Has $610,000 Position in Bank of Hawaii Co. (NYSE:BOH)

Bleakley Financial Group LLC lifted its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,424 shares of the bank’s stock after acquiring an additional 206 shares during the period. Bleakley Financial Group LLC’s holdings in Bank of Hawaii were worth $610,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. raised its holdings in Bank of Hawaii by 160.9% during the fourth quarter. Bessemer Group Inc. now owns 647 shares of the bank’s stock worth $50,000 after buying an additional 399 shares during the last quarter. Covestor Ltd raised its holdings in Bank of Hawaii by 72.4% during the first quarter. Covestor Ltd now owns 707 shares of the bank’s stock worth $59,000 after buying an additional 297 shares during the last quarter. Point72 Hong Kong Ltd raised its holdings in Bank of Hawaii by 27.9% during the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock worth $60,000 after buying an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Bank of Hawaii during the third quarter worth $37,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Bank of Hawaii by 2,197.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 781 shares of the bank’s stock worth $39,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

BOH opened at $58.28 on Friday. The firm has a market cap of $2.32 billion, a P/E ratio of 14.04, a PEG ratio of 1.96 and a beta of 1.06. The firm has a 50-day moving average of $60.88 and a 200 day moving average of $60.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii Co. has a fifty-two week low of $30.83 and a fifty-two week high of $75.19.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. The company had revenue of $252.63 million during the quarter, compared to analyst estimates of $161.03 million. Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. During the same quarter in the prior year, the business earned $1.50 earnings per share. On average, research analysts expect that Bank of Hawaii Co. will post 3.72 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.80 annualized dividend and a yield of 4.80%. Bank of Hawaii’s payout ratio is currently 67.47%.

Analysts Set New Price Targets

Several research analysts have weighed in on BOH shares. Barclays started coverage on shares of Bank of Hawaii in a report on Friday, March 8th. They set an “underweight” rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 23rd. Jefferies Financial Group reduced their target price on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, April 8th. StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Finally, Piper Sandler reduced their target price on shares of Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat, Bank of Hawaii currently has a consensus rating of “Reduce” and an average target price of $53.60.

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.