Sippican Capital Advisors Makes New Investment in Bank of Hawaii Co. (NYSE:BOH)

Sippican Capital Advisors purchased a new stake in Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,015 shares of the bank’s stock, valued at approximately $215,000.

A number of other hedge funds also recently made changes to their positions in BOH. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Bank of Hawaii in the 2nd quarter valued at approximately $106,000. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii in the 2nd quarter worth approximately $119,000. KBC Group NV grew its position in Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after acquiring an additional 812 shares during the last quarter. UMB Bank n.a. increased its holdings in Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new stake in Bank of Hawaii during the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

BOH stock opened at $74.40 on Thursday. 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 Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The business’s fifty day moving average is $73.26 and its 200-day moving average is $69.40. The company has a market cap of $2.96 billion, a P/E ratio of 22.34 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. Equities research analysts forecast that Bank of Hawaii Co. will post 3.54 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, February 28th. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Analyst Upgrades and Downgrades

BOH has been the subject of a number of research analyst reports. Barclays lifted their price target on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upped their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson raised their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday. Piper Sandler upped their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Stephens initiated coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and a consensus price target of $73.00.

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.