123,541 Shares in Bank of Hawaii Co. (NYSE:BOH) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 123,541 shares of the bank’s stock, valued at approximately $8,952,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Bank of Hawaii by 28.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock valued at $131,789,000 after purchasing an additional 590,492 shares during the last quarter. Newport Trust Company LLC acquired a new stake in Bank of Hawaii during the 3rd quarter worth about $20,170,000. North Reef Capital Management LP bought a new position in shares of Bank of Hawaii in the 3rd quarter worth about $8,479,000. Epoch Investment Partners Inc. bought a new position in shares of Bank of Hawaii in the 3rd quarter worth about $6,404,000. Finally, Natixis Advisors L.P. lifted its stake in shares of Bank of Hawaii by 27.9% in the 3rd quarter. Natixis Advisors L.P. now owns 283,455 shares of the bank’s stock valued at $14,085,000 after purchasing an additional 61,890 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Stock Up 0.7 %

Shares of NYSE BOH opened at $59.27 on Tuesday. 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 Co. has a 1 year low of $30.83 and a 1 year high of $75.19. The stock has a market capitalization of $2.35 billion, a P/E ratio of 15.27, a P/E/G ratio of 2.05 and a beta of 1.07. The company has a 50-day moving average price of $59.85 and a 200-day moving average price of $61.30.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The company had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. During the same period in the prior year, the firm posted $1.14 earnings per share. On average, equities research analysts forecast that Bank of Hawaii Co. will post 3.59 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BOH. Piper Sandler decreased their target price on 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. Barclays lowered their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, April 23rd. StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods raised their price target 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. Finally, Jefferies Financial Group dropped 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 report on Monday, April 8th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, the stock 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.