Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. decreased its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 50.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,783 shares of the bank’s stock after selling 10,148 shares during the quarter. Graham Capital Management L.P.’s holdings in Bank of Hawaii were worth $697,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BOH. SBI Securities Co. Ltd. acquired a new position in shares of Bank of Hawaii during the fourth quarter valued at $50,000. Headlands Technologies LLC boosted its holdings in shares of Bank of Hawaii by 285.8% during the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock valued at $68,000 after acquiring an additional 703 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of Bank of Hawaii during the fourth quarter valued at $70,000. Smartleaf Asset Management LLC boosted its holdings in shares of Bank of Hawaii by 204.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after acquiring an additional 1,037 shares during the period. Finally, KBC Group NV raised its stake in shares of Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after purchasing an additional 812 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock opened at $69.74 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $66.48 and its two-hundred day moving average price is $71.11. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The stock has a market cap of $2.77 billion, a PE ratio of 20.16 and a beta of 0.76.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $169.87 million for the quarter, compared to analysts’ expectations of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same period in the previous year, the business earned $0.87 earnings per share. As a group, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.01%. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

Insider Buying and Selling

In related news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the transaction, the insider now owns 6,442 shares of the company’s stock, valued at approximately $426,138.30. This trade represents a 20.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BOH shares. DA Davidson lifted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Barclays lifted their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an “underweight” rating in a research note on Tuesday, April 22nd. Finally, Piper Sandler boosted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Bank of Hawaii has a consensus rating of “Hold” and an average price target of $73.17.

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.