Cerity Partners LLC Acquires 730 Shares of Bank of Hawaii Co. (NYSE:BOH)

Cerity Partners LLC increased its position in Bank of Hawaii Co. (NYSE:BOH) by 4.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,018 shares of the bank’s stock after purchasing an additional 730 shares during the period. Cerity Partners LLC’s holdings in Bank of Hawaii were worth $1,161,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BOH. Cullen Frost Bankers Inc. purchased a new position in Bank of Hawaii during the 3rd quarter valued at $37,000. IFP Advisors Inc purchased a new position in Bank of Hawaii during the 3rd quarter valued at $39,000. Allspring Global Investments Holdings LLC increased its position in 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 purchasing an additional 747 shares during the period. Bessemer Group Inc. increased its position in 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 purchasing an additional 399 shares during the period. Finally, Covestor Ltd increased its position in 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 purchasing an additional 297 shares during the period. 82.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $58.40 on Monday. Bank of Hawaii Co. has a 1 year low of $30.83 and a 1 year high of $75.19. The firm’s 50-day moving average is $60.51 and its 200 day moving average is $60.67. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. The company had revenue of $252.63 million for the quarter, compared to the consensus estimate of $161.03 million. During the same period in the prior year, the firm posted $1.50 EPS. Sell-side analysts anticipate that Bank of Hawaii Co. will post 3.72 EPS for the current fiscal year.

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.