102,449 Shares in Bank of Hawaii Corporation $BOH Purchased by Nuveen LLC

Nuveen LLC bought a new position in shares of Bank of Hawaii Corporation (NYSE:BOH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 102,449 shares of the bank’s stock, valued at approximately $7,066,000. Nuveen LLC owned approximately 0.26% of Bank of Hawaii at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BOH. Balyasny Asset Management L.P. purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth about $54,309,000. Ameriprise Financial Inc. grew its position in shares of Bank of Hawaii by 558.1% during the fourth quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank’s stock worth $46,084,000 after purchasing an additional 548,599 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth about $13,678,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Bank of Hawaii by 168.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 245,495 shares of the bank’s stock worth $17,489,000 after purchasing an additional 154,107 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Bank of Hawaii by 168.5% during the fourth quarter. Squarepoint Ops LLC now owns 121,053 shares of the bank’s stock worth $8,624,000 after purchasing an additional 75,961 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BOH. Barclays increased their target price on Bank of Hawaii from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Stephens cut their price target on Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, July 29th. Finally, Piper Sandler began coverage on Bank of Hawaii in a report on Thursday. They set a “neutral” rating and a $71.00 price target for the company. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.00.

Bank of Hawaii Price Performance

NYSE:BOH opened at $68.6980 on Monday. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.89 and a beta of 0.80. Bank of Hawaii Corporation has a 1 year low of $57.44 and a 1 year high of $82.70. The business has a 50 day simple moving average of $66.36 and a 200-day simple moving average of $67.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, July 28th. The bank reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. The business had revenue of $174.48 million during the quarter, compared to analyst estimates of $177.82 million. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%.During the same period last year, the company earned $0.81 EPS. Equities analysts forecast that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, August 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 73.49%.

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.