Two Sigma Advisers LP Makes New $349,000 Investment in Bank of Hawaii Co. (NYSE:BOH)

Two Sigma Advisers LP bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,900 shares of the bank’s stock, valued at approximately $349,000.

Several other hedge funds have also recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new position in Bank of Hawaii during the fourth quarter worth $223,000. ProShare Advisors LLC boosted its holdings in Bank of Hawaii by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 11,792 shares of the bank’s stock valued at $840,000 after acquiring an additional 3,625 shares during the period. Quantinno Capital Management LP boosted its holdings in Bank of Hawaii by 68.1% during the fourth quarter. Quantinno Capital Management LP now owns 23,574 shares of the bank’s stock valued at $1,679,000 after acquiring an additional 9,547 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bank of Hawaii by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,245 shares of the bank’s stock valued at $1,585,000 after acquiring an additional 862 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Bank of Hawaii by 452.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 35,546 shares of the bank’s stock valued at $2,532,000 after acquiring an additional 29,114 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $65.81 on Friday. Bank of Hawaii Co. has a 1 year low of $54.98 and a 1 year high of $82.70. The firm has a 50 day moving average of $66.17 and a 200-day moving average of $70.21. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.61 billion, a P/E ratio of 19.02 and a beta of 0.78.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The company had revenue of $169.87 million during the quarter, compared to analysts’ expectations of $168.65 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. As a group, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 78.65%.

Analyst Ratings Changes

Separately, Barclays lifted their target price on Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.17.

Insider Activity

In related news, insider Taryn L. Salmon sold 1,652 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the sale, the insider now owns 6,442 shares of the company’s stock, valued at $426,138.30. This trade represents a 20.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.07% of the stock is currently owned by corporate insiders.

Bank of Hawaii Company 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.