14,254 Shares in Bank of Hawaii Co. (NYSE:BOH) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Bank of Hawaii Co. (NYSE:BOH) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 14,254 shares of the bank’s stock, valued at approximately $895,000.

Several other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its position in shares of Bank of Hawaii by 1.9% in the second quarter. Arizona State Retirement System now owns 11,134 shares of the bank’s stock valued at $637,000 after acquiring an additional 210 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Bank of Hawaii by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock valued at $1,144,000 after purchasing an additional 300 shares during the last quarter. Harrington Investments INC raised its stake in Bank of Hawaii by 2.0% in the 2nd quarter. Harrington Investments INC now owns 19,706 shares of the bank’s stock valued at $1,127,000 after purchasing an additional 394 shares during the last quarter. Cerity Partners LLC lifted its holdings in Bank of Hawaii by 6.3% in the 3rd quarter. Cerity Partners LLC now owns 15,380 shares of the bank’s stock valued at $965,000 after purchasing an additional 909 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Bank of Hawaii by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 21,878 shares of the bank’s stock worth $1,252,000 after buying an additional 1,061 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

BOH stock opened at $80.35 on Thursday. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 5.29 and a beta of 1.03. The business has a fifty day moving average of $69.79 and a two-hundred day moving average of $64.54.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) 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 in the previous year, the firm earned $1.17 EPS. As a group, research 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 $0.70 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. Bank of Hawaii’s dividend payout ratio is presently 84.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target 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. Stephens began coverage on Bank of Hawaii in a report on Wednesday. They set an “overweight” rating and a $90.00 target price on the stock. DA Davidson increased their price target on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Barclays lifted their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target of $69.00.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the sale, the insider now directly owns 13,717 shares in the company, valued at $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.11% of the stock is owned by corporate insiders.

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.