Bank of Hawaii Co. (NYSE:BOH) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bank of Hawaii Co. (NYSE:BOH) by 168.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,495 shares of the bank’s stock after purchasing an additional 154,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.62% of Bank of Hawaii worth $17,489,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BOH. SBI Securities Co. Ltd. acquired a new stake in Bank of Hawaii in the 4th quarter valued at approximately $50,000. Headlands Technologies LLC increased its position in Bank of Hawaii by 285.8% in the 4th 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 stake in Bank of Hawaii in the 4th quarter valued at approximately $70,000. Smartleaf Asset Management LLC increased its position in Bank of Hawaii by 204.9% in the 4th 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 increased its position in Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after acquiring an additional 812 shares during the period. Institutional investors own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays raised their target price on Bank of Hawaii from $64.00 to $67.00 and gave the company an “underweight” rating in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Bank of Hawaii currently has an average rating of “Hold” and a consensus target price of $73.17.

Bank of Hawaii Stock Down 1.8%

Shares of BOH stock opened at $66.73 on Thursday. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70. The stock has a market cap of $2.65 billion, a PE ratio of 19.29 and a beta of 0.76. The business’s fifty day moving average is $66.56 and its 200-day moving average is $70.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

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

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii’s dividend payout ratio is presently 78.65%.

Insider Transactions at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total transaction of $109,279.80. Following the completion of the sale, the insider now directly owns 6,442 shares of the company’s stock, valued at $426,138.30. This trade represents a 20.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.07% of the company’s stock.

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.