Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. boosted its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,440 shares of the bank’s stock after acquiring an additional 12,985 shares during the period. Natixis Advisors L.P. owned 0.75% of Bank of Hawaii worth $21,480,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BOH. Harrington Investments INC boosted its stake in Bank of Hawaii by 1.1% during the fourth quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock worth $1,355,000 after buying an additional 200 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Bank of Hawaii by 2.5% during the fourth quarter. Bleakley Financial Group LLC now owns 8,424 shares of the bank’s stock worth $610,000 after purchasing an additional 206 shares during the period. Covestor Ltd grew its stake in shares of Bank of Hawaii by 17.1% in the 3rd quarter. Covestor Ltd now owns 1,429 shares of the bank’s stock valued at $71,000 after buying an additional 209 shares during the period. Penobscot Investment Management Company Inc. increased its holdings in shares of Bank of Hawaii by 6.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,773 shares of the bank’s stock worth $346,000 after buying an additional 273 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Bank of Hawaii by 4.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 7,978 shares of the bank’s stock valued at $396,000 after acquiring an additional 314 shares during the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Jefferies Financial Group decreased their price target on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Barclays cut their price target on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 23rd. Finally, Piper Sandler lowered their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, Bank of Hawaii has a consensus rating of “Reduce” and a consensus price target of $52.20.

Bank of Hawaii Stock Performance

NYSE BOH opened at $58.86 on Monday. The business’s 50-day moving average price is $59.85 and its 200 day moving average price is $61.30. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.34 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.05 and a beta of 1.07. Bank of Hawaii Co. has a 52-week low of $30.83 and a 52-week high of $75.19.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Friday, April 26th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The company had revenue of $252.64 million during the quarter, compared to analysts’ expectations of $160.79 million. During the same quarter last year, the business posted $1.14 earnings per share. On average, equities research analysts expect that Bank of Hawaii Co. will post 3.59 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.70 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.76%. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

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.