Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in Bank of Hawaii Co. (NYSE:BOH) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the bank’s stock after purchasing an additional 300 shares during the period. Louisiana State Employees Retirement System owned about 0.05% of Bank of Hawaii worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Bank of Hawaii by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock valued at $336,946,000 after buying an additional 87,919 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Bank of Hawaii by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,142,123 shares of the bank’s stock valued at $82,758,000 after acquiring an additional 24,031 shares during the period. Swedbank AB boosted its position in shares of Bank of Hawaii by 3.6% during the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank’s stock worth $41,477,000 after purchasing an additional 25,000 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Bank of Hawaii by 0.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 508,933 shares of the bank’s stock worth $36,877,000 after purchasing an additional 2,495 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Bank of Hawaii by 105.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock valued at $32,718,000 after purchasing an additional 231,909 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insider Transactions at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 2,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $67.80, for a total transaction of $160,279.20. Following the transaction, the insider now owns 10,785 shares of the company’s stock, valued at $731,223. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BOH. Jefferies Financial Group boosted their price objective on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. StockNews.com raised Bank of Hawaii to a “sell” rating in a research note on Thursday, May 30th. DA Davidson raised their price objective on Bank of Hawaii from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods boosted their target price on Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 23rd. Finally, Piper Sandler cut Bank of Hawaii from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $70.00 to $61.00 in a research report on Monday, August 12th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $59.00.

Bank of Hawaii Trading Up 0.4 %

Shares of Bank of Hawaii stock opened at $68.15 on Tuesday. The business has a 50 day moving average price of $62.80 and a 200 day moving average price of $60.57. The company has a market capitalization of $2.71 billion, a P/E ratio of 17.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a 1 year low of $45.56 and a 1 year high of $75.19.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The company had revenue of $255.62 million during the quarter, compared to analyst estimates of $157.12 million. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. During the same period last year, the firm earned $1.12 earnings per share. Sell-side analysts anticipate that Bank of Hawaii Co. will post 3.42 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.11%. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

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.