Quantbot Technologies LP Acquires New Shares in Bank of Hawaii Co. (NYSE:BOH)

Quantbot Technologies LP bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 20,133 shares of the bank’s stock, valued at approximately $1,264,000. Quantbot Technologies LP owned approximately 0.05% of Bank of Hawaii at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bank of Hawaii during the second quarter valued at approximately $106,000. Point72 DIFC Ltd purchased a new position in shares of Bank of Hawaii in the 2nd quarter valued at $119,000. UMB Bank n.a. raised its position in shares of Bank of Hawaii by 5,508.3% in the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after acquiring an additional 2,644 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Bank of Hawaii during the 2nd quarter worth $172,000. Finally, Crestwood Advisors Group LLC bought a new stake in Bank of Hawaii during the third quarter valued at about $207,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BOH. Piper Sandler boosted their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Barclays lifted their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Stephens began coverage on Bank of Hawaii in a report on Wednesday. They set an “overweight” rating and a $90.00 price objective for the company. Finally, DA Davidson boosted their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.00.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the sale, the insider now directly owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.11% of the stock is currently owned by corporate insiders.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $78.98 on Friday. The business has a fifty day moving average of $70.69 and a 200 day moving average of $64.90. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 5.28 and a beta of 1.03.

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

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.55%. Bank of Hawaii’s payout ratio is currently 84.08%.

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.