Quantinno Capital Management LP Grows Stake in Bank of Hawaii Co. (NYSE:BOH)

Quantinno Capital Management LP lifted its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 36.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,027 shares of the bank’s stock after purchasing an additional 3,764 shares during the period. Quantinno Capital Management LP’s holdings in Bank of Hawaii were worth $880,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in Bank of Hawaii by 13.1% during the second quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock valued at $93,533,000 after purchasing an additional 189,878 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock valued at $94,872,000 after purchasing an additional 35,187 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Bank of Hawaii by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock valued at $45,167,000 after purchasing an additional 98,465 shares during the period. American Century Companies Inc. lifted its stake in shares of Bank of Hawaii by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock valued at $38,652,000 after buying an additional 54,078 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Bank of Hawaii by 0.5% in the 2nd quarter. Natixis Advisors LLC now owns 295,878 shares of the bank’s stock worth $16,927,000 after buying an additional 1,522 shares during the period. Institutional investors own 82.18% of the company’s stock.

Wall Street Analyst Weigh In

BOH has been the topic of several recent research reports. Stephens assumed coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price on the stock. Barclays increased their price objective 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 raised their target price on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson upped their price target on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research 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 company an “underweight” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $71.83.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $74.02 on Friday. The stock’s 50-day simple moving average is $73.41 and its two-hundred day simple moving average is $66.13. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The firm has a market capitalization of $2.94 billion, a P/E ratio of 22.23, a P/E/G ratio of 4.94 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 (NYSE:BOH) last announced its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $160.29 million. During the same period last year, the firm posted $1.17 earnings per share. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.70 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.78%. Bank of Hawaii’s dividend payout ratio is presently 84.08%.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii 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 value of $97,925.85. Following the completion of the sale, the insider now 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.11% of the company’s stock.

Bank of Hawaii Company 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.