Bank of Hawaii Corporation $BOH Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Bank of Hawaii Corporation (NYSE:BOH) by 7.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,661 shares of the bank’s stock after buying an additional 1,637 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Bank of Hawaii worth $1,597,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BOH. Versant Capital Management Inc increased its stake in Bank of Hawaii by 80.2% in the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank’s stock valued at $27,000 after buying an additional 174 shares during the period. Private Trust Co. NA increased its stake in Bank of Hawaii by 18,333.3% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank’s stock valued at $38,000 after buying an additional 550 shares during the period. Golden State Wealth Management LLC increased its stake in Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank’s stock valued at $40,000 after buying an additional 305 shares during the period. Strs Ohio acquired a new position in Bank of Hawaii in the 1st quarter valued at $41,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Bank of Hawaii in the 4th quarter valued at $49,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

NYSE:BOH opened at $64.97 on Friday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average is $65.88 and its two-hundred day moving average is $66.63. Bank of Hawaii Corporation has a 12-month low of $57.44 and a 12-month high of $82.70.

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

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.3%. Bank of Hawaii’s dividend payout ratio is currently 73.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Stephens lowered their price target on shares of Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 29th. Barclays upped their price target on shares of Bank of Hawaii from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Piper Sandler assumed coverage on shares of Bank of Hawaii in a research note on Thursday, August 21st. They set a “neutral” rating and a $71.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $75.00.

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.