Benjamin F. Edwards & Company Inc. Makes New Investment in Bank of Hawaii Co. (NYSE:BOH)

Benjamin F. Edwards & Company Inc. purchased a new position in Bank of Hawaii Co. (NYSE:BOH) in the fourth quarter, Holdings Channel.com reports. The firm purchased 6,126 shares of the bank’s stock, valued at approximately $444,000.

A number of other large investors have also recently made changes to their positions in BOH. Cambridge Investment Research Advisors Inc. grew its stake in shares of Bank of Hawaii by 9.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,371 shares of the bank’s stock worth $466,000 after acquiring an additional 841 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Bank of Hawaii by 18.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 43,345 shares of the bank’s stock worth $2,154,000 after acquiring an additional 6,736 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Bank of Hawaii by 20.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,564 shares of the bank’s stock worth $426,000 after acquiring an additional 1,426 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Bank of Hawaii by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,035 shares of the bank’s stock valued at $1,095,000 after buying an additional 1,220 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position 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 valued at $39,000 after buying an additional 747 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Performance

Shares of NYSE BOH opened at $59.22 on Thursday. The firm has a fifty day moving average price of $59.81 and a 200-day moving average price of $61.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $2.35 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Bank of Hawaii Co. has a 1 year low of $30.83 and a 1 year high of $75.19.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.87 earnings per share (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 firm had revenue of $252.64 million during the quarter, compared to analysts’ expectations of $160.79 million. During the same period last year, the company earned $1.14 earnings per share. Equities analysts anticipate that Bank of Hawaii Co. will post 3.53 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.73%. Bank of Hawaii’s dividend payout ratio is 72.16%.

Wall Street Analyst Weigh In

BOH has been the subject of several recent research reports. Piper Sandler cut 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 report on Tuesday, April 23rd. Barclays cut their target price on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, April 23rd. Jefferies Financial Group cut 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 report on Monday, April 8th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research report on Tuesday, April 23rd. Finally, StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, Bank of Hawaii presently has a consensus rating of “Reduce” and an average target price of $52.20.

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.