Perigon Wealth Management LLC Has $1.17 Million Holdings in Bank of Hawaii Co. (NYSE:BOH)

Perigon Wealth Management LLC grew its stake in Bank of Hawaii Co. (NYSE:BOH) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,474 shares of the bank’s stock after purchasing an additional 154 shares during the period. Perigon Wealth Management LLC’s holdings in Bank of Hawaii were worth $1,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Bank of Hawaii during the third quarter valued at about $70,960,000. State Street Corp increased its position in shares of Bank of Hawaii by 5.0% during the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after purchasing an additional 106,717 shares during the period. Barclays PLC lifted its position in Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock worth $5,870,000 after purchasing an additional 44,599 shares during the period. Squarepoint Ops LLC acquired a new stake in Bank of Hawaii during the second quarter worth $2,230,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Hawaii by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock valued at $94,872,000 after buying an additional 35,187 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BOH. Piper Sandler upped their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday. Barclays increased their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upped their price target on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson lifted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Stephens assumed coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $74.77 on Friday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 22.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The stock’s 50-day moving average is $73.19 and its 200-day moving average is $69.44.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. Equities analysts predict that Bank of Hawaii Co. will post 3.54 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 3.74%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 80.92%.

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.