3,638 Shares in Bank of Hawaii Co. (NYSE:BOH) Bought by Nwam LLC

Nwam LLC bought a new stake in Bank of Hawaii Co. (NYSE:BOH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,638 shares of the bank’s stock, valued at approximately $228,000.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB raised its holdings in Bank of Hawaii by 3.6% in the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank’s stock valued at $41,477,000 after buying an additional 25,000 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Bank of Hawaii during the first quarter worth $832,000. American Century Companies Inc. grew its stake in shares of Bank of Hawaii by 8.7% in the second quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock worth $38,652,000 after purchasing an additional 54,078 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Bank of Hawaii by 4.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank’s stock valued at $2,052,000 after purchasing an additional 1,398 shares during the period. Finally, Quest Partners LLC bought a new position in Bank of Hawaii during the 3rd quarter worth $1,823,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BOH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. DA Davidson raised their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Barclays upped their price objective on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler lifted their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $64.80.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $80.51 on Tuesday. The firm has a 50 day moving average of $69.50 and a 200-day moving average of $64.40. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 5.27 and a beta of 1.03. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The business had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. During the same period last year, the company posted $1.17 earnings per share. On average, equities analysts forecast that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 84.08%.

Insiders Place Their Bets

In other news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.47% of the company’s stock.

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.