SG Americas Securities LLC Takes Position in Bank of Hawaii Corporation $BOH

SG Americas Securities LLC bought a new position in shares of Bank of Hawaii Corporation (NYSE:BOH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,602 shares of the bank’s stock, valued at approximately $2,024,000. SG Americas Securities LLC owned approximately 0.07% of Bank of Hawaii at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. increased its holdings in Bank of Hawaii by 122.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock worth $66,464,000 after purchasing an additional 557,148 shares in the last quarter. Norges Bank bought a new position in shares of Bank of Hawaii in the second quarter valued at approximately $30,569,000. Verition Fund Management LLC boosted its position in shares of Bank of Hawaii by 1,699.7% during the third quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after buying an additional 251,063 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Bank of Hawaii by 163.9% during the third quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock valued at $22,306,000 after buying an additional 211,076 shares during the last quarter. Finally, UBS Group AG grew its holdings in Bank of Hawaii by 199.5% during the third quarter. UBS Group AG now owns 195,454 shares of the bank’s stock worth $12,830,000 after buying an additional 130,188 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Barclays upped their target price on shares of Bank of Hawaii from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 27th. Weiss Ratings upgraded shares of Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a research report on Tuesday, January 27th. Finally, Piper Sandler cut their price target on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.20.

Bank of Hawaii Stock Up 0.0%

BOH stock opened at $74.79 on Monday. The stock has a market cap of $2.97 billion, a P/E ratio of 16.19, a P/E/G ratio of 0.76 and a beta of 0.72. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $75.62 and its two-hundred day simple moving average is $69.94. Bank of Hawaii Corporation has a 1-year low of $57.44 and a 1-year high of $80.61.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $189.65 million during the quarter, compared to analyst estimates of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same period last year, the firm posted $0.85 EPS. 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 Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.80 annualized dividend and a yield of 3.7%. Bank of Hawaii’s payout ratio is currently 60.61%.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.