Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP increased its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 284.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,885 shares of the bank’s stock after acquiring an additional 15,450 shares during the period. GSA Capital Partners LLP’s holdings in Bank of Hawaii were worth $1,311,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BOH. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bank of Hawaii in the second quarter valued at $106,000. Point72 DIFC Ltd purchased a new position in Bank of Hawaii in the 2nd quarter valued at about $119,000. UMB Bank n.a. grew its stake in shares of Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after acquiring an additional 2,644 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Bank of Hawaii during the second quarter valued at about $172,000. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Bank of Hawaii during the third quarter worth about $207,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Insider Transactions at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the business’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 completion of the transaction, the insider now owns 13,717 shares in the company, valued at $991,327.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.11% of the company’s stock.

Bank of Hawaii Stock Performance

Shares of BOH opened at $77.77 on Thursday. 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 12-month low of $54.50 and a 12-month high of $81.45. The business’s fifty day moving average price is $67.23 and its 200 day moving average price is $63.26. The stock has a market capitalization of $3.09 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 5.18 and a beta of 1.03.

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

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BOH shares. Barclays increased their price target on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a 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 research report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price target on shares of Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Piper Sandler raised their price objective 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. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Hold” and an average price target of $64.80.

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.