Y Intercept Hong Kong Ltd Purchases 9,854 Shares of Bank of Hawaii Corporation $BOH

Y Intercept Hong Kong Ltd increased its position in Bank of Hawaii Corporation (NYSE:BOH) by 177.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,405 shares of the bank’s stock after purchasing an additional 9,854 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Bank of Hawaii were worth $1,040,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Private Trust Co. NA lifted its stake in Bank of Hawaii by 18,333.3% during the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank’s stock valued at $38,000 after acquiring an additional 550 shares in the last quarter. Strs Ohio bought a new position in Bank of Hawaii during the 1st quarter valued at $41,000. CWM LLC lifted its stake in Bank of Hawaii by 31.9% during the 1st quarter. CWM LLC now owns 1,643 shares of the bank’s stock valued at $113,000 after acquiring an additional 397 shares in the last quarter. Wealth Alliance LLC increased its position in shares of Bank of Hawaii by 5.0% during the 1st quarter. Wealth Alliance LLC now owns 3,270 shares of the bank’s stock valued at $226,000 after purchasing an additional 155 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $253,000. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Performance

Shares of BOH opened at $65.10 on Tuesday. The company has a market cap of $2.59 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 0.76 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 0.39. The stock has a 50-day moving average price of $65.55 and a 200-day moving average price of $66.38. 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, October 27th. The bank reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The company had revenue of $182.64 million during the quarter, compared to the consensus estimate of $180.95 million. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.During the same quarter in the previous year, the company posted $0.93 EPS. As a group, equities analysts forecast that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a $0.70 dividend. The ex-dividend date is Friday, November 28th. This represents a $2.80 annualized dividend and a yield of 4.3%. Bank of Hawaii’s payout ratio is presently 68.63%.

Analyst Ratings Changes

BOH has been the subject of several research analyst reports. Barclays raised their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. DA Davidson reaffirmed a “neutral” rating and set a $70.00 target price on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research report on Wednesday, October 8th. Stephens decreased their target price on Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, July 29th. Finally, Piper Sandler initiated coverage on Bank of Hawaii in a research report on Thursday, August 21st. They set a “neutral” rating and a $71.00 target price for the company. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.20.

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.