Bank of Hawaii Co. (NYSE:BOH) Position Boosted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its stake in Bank of Hawaii Co. (NYSE:BOH) by 16.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,135 shares of the bank’s stock after purchasing an additional 1,611 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Bank of Hawaii were worth $807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in BOH. Harrington Investments INC boosted its stake in shares of Bank of Hawaii by 1.1% during the 4th quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock valued at $1,355,000 after buying an additional 200 shares during the period. Bleakley Financial Group LLC boosted its position in Bank of Hawaii by 2.5% during the fourth quarter. Bleakley Financial Group LLC now owns 8,424 shares of the bank’s stock valued at $610,000 after purchasing an additional 206 shares during the last quarter. Covestor Ltd boosted its position in Bank of Hawaii by 17.1% during the third quarter. Covestor Ltd now owns 1,429 shares of the bank’s stock valued at $71,000 after purchasing an additional 209 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Bank of Hawaii by 4.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 7,978 shares of the bank’s stock valued at $396,000 after purchasing an additional 314 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Bank of Hawaii in the 4th quarter worth about $41,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Trading Up 0.6 %

Shares of Bank of Hawaii stock opened at $58.86 on Friday. Bank of Hawaii Co. has a 1 year low of $30.83 and a 1 year high of $75.19. The company’s fifty day simple moving average is $59.89 and its 200-day simple moving average is $61.08. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.04 and a beta of 1.07. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). The company had revenue of $252.64 million during the quarter, compared to analyst estimates of $160.79 million. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, sell-side analysts expect that Bank of Hawaii Co. will post 3.59 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.76%. Bank of Hawaii’s dividend payout ratio is 72.16%.

Analyst Ratings Changes

BOH has been the subject of a number of analyst reports. Piper Sandler reduced their target price on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. StockNews.com raised Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Barclays lowered their price target on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, April 23rd. Jefferies Financial Group decreased their price objective on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $52.20.

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.