Point72 Asia Singapore Pte. Ltd. Has $150,000 Position in Bank of Hawaii Co. (NYSE:BOH)

Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 29.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,387 shares of the bank’s stock after acquiring an additional 536 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Bank of Hawaii were worth $150,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in BOH. Price T Rowe Associates Inc. MD boosted its position in shares of Bank of Hawaii by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank’s stock valued at $2,052,000 after acquiring an additional 1,398 shares in the last quarter. Swedbank AB boosted its position in Bank of Hawaii by 3.6% in the second 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 in the last quarter. Louisiana State Employees Retirement System boosted its position in Bank of Hawaii by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock valued at $1,144,000 after buying an additional 300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bank of Hawaii by 18.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,224 shares of the bank’s stock valued at $528,000 after buying an additional 1,408 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in Bank of Hawaii in the second quarter valued at about $172,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BOH has been the topic of a number of recent analyst reports. Stephens initiated coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target on the stock. DA Davidson boosted their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. 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 research note on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.17.

Insider Activity 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 shares were 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 approximately $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.47% of the company’s stock.

Bank of Hawaii Trading Down 0.3 %

BOH opened at $78.00 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. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 5.17 and a beta of 1.03. The firm has a 50 day simple moving average of $71.28 and a 200 day simple moving average of $65.23. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $265.76 million during the quarter, compared to the consensus estimate 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 firm posted $1.17 earnings per share. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s dividend 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.