Jefferies Financial Group Inc. Takes $717,000 Position in Bank of Hawaii Corporation $BOH

Jefferies Financial Group Inc. acquired a new position in Bank of Hawaii Corporation (NYSE:BOH) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,618 shares of the bank’s stock, valued at approximately $717,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in Bank of Hawaii by 1.0% in the first quarter. Comerica Bank now owns 18,581 shares of the bank’s stock valued at $1,282,000 after purchasing an additional 185 shares during the last quarter. Wealth Alliance LLC boosted its stake in shares of Bank of Hawaii by 10.2% in the second quarter. Wealth Alliance LLC now owns 3,605 shares of the bank’s stock worth $243,000 after buying an additional 335 shares during the last quarter. Atria Investments Inc grew its holdings in Bank of Hawaii by 6.1% during the second quarter. Atria Investments Inc now owns 6,297 shares of the bank’s stock worth $425,000 after acquiring an additional 362 shares during the period. Cetera Investment Advisers grew its holdings in Bank of Hawaii by 8.7% during the first quarter. Cetera Investment Advisers now owns 4,843 shares of the bank’s stock worth $334,000 after acquiring an additional 386 shares during the period. Finally, Rhumbline Advisers raised its position in Bank of Hawaii by 0.4% during the second quarter. Rhumbline Advisers now owns 111,265 shares of the bank’s stock valued at $7,514,000 after acquiring an additional 394 shares in the last quarter. 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 several recent research reports. DA Davidson restated a “neutral” rating and issued a $70.00 price objective on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Barclays increased their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a research report on Tuesday. Wall Street Zen raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Piper Sandler started coverage on shares of Bank of Hawaii in a research note on Thursday, August 21st. They set a “neutral” rating and a $71.00 target price on the stock. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Hold” and an average target price of $73.20.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $66.49 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a fifty day moving average of $64.63 and a 200 day moving average of $66.19. The firm has a market cap of $2.65 billion, a PE ratio of 16.30, a PEG ratio of 0.76 and a beta of 0.88. Bank of Hawaii Corporation has a one year low of $57.44 and a one year high of $81.42.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Tuesday, October 28th. The bank reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.07. The business had revenue of $182.64 million for the quarter, compared to analyst estimates of $180.95 million. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. During the same quarter last year, the business earned $0.93 earnings per share. As a group, research analysts predict that Bank of Hawaii Corporation will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, November 28th. Bank of Hawaii’s payout ratio is 68.63%.

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.