Mirae Asset Global Investments Co. Ltd. Buys 1,085 Shares of Bank of Hawaii Co. (NYSE:BOH)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Bank of Hawaii Co. (NYSE:BOH) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 23,120 shares of the bank’s stock after purchasing an additional 1,085 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Bank of Hawaii were worth $1,675,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in shares of Bank of Hawaii by 160.9% during the 4th quarter. Bessemer Group Inc. now owns 647 shares of the bank’s stock valued at $50,000 after buying an additional 399 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Bank of Hawaii by 72.4% during the 1st quarter. Covestor Ltd now owns 707 shares of the bank’s stock valued at $59,000 after buying an additional 297 shares in the last quarter. Point72 Hong Kong Ltd boosted its holdings in shares of Bank of Hawaii by 27.9% during the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock valued at $60,000 after buying an additional 155 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Bank of Hawaii during the 3rd quarter valued at $37,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Bank of Hawaii by 2,197.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 781 shares of the bank’s stock valued at $39,000 after buying an additional 747 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $58.40 on Friday. Bank of Hawaii Co. has a fifty-two week low of $30.83 and a fifty-two week high of $75.19. The business has a 50-day simple moving average of $60.51 and a two-hundred day simple moving average of $60.58. 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 firm has a market cap of $2.32 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06.

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

Bank of Hawaii Announces Dividend

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

Wall Street Analyst Weigh In

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

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.