R Squared Ltd Acquires Shares of 3,740 Bank of Hawaii Corporation $BOH

R Squared Ltd acquired a new stake in shares of Bank of Hawaii Corporation (NYSE:BOH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,740 shares of the bank’s stock, valued at approximately $253,000.

Other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Bank of Hawaii by 23.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,180,744 shares of the bank’s stock worth $150,406,000 after acquiring an additional 418,055 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Bank of Hawaii by 9.2% in the 1st quarter. Ameriprise Financial Inc. now owns 706,105 shares of the bank’s stock worth $48,700,000 after acquiring an additional 59,215 shares during the last quarter. 140 Summer Partners LP bought a new stake in shares of Bank of Hawaii in the 1st quarter worth about $41,633,000. Natixis Advisors LLC lifted its holdings in shares of Bank of Hawaii by 13.0% in the 1st quarter. Natixis Advisors LLC now owns 325,174 shares of the bank’s stock worth $22,427,000 after acquiring an additional 37,413 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Bank of Hawaii by 4,090.7% in the 1st quarter. Millennium Management LLC now owns 302,315 shares of the bank’s stock worth $20,851,000 after acquiring an additional 295,101 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Up 2.8%

Shares of BOH opened at $64.05 on Friday. Bank of Hawaii Corporation has a 1-year low of $57.44 and a 1-year high of $82.70. The company has a 50-day moving average of $65.73 and a 200 day moving average of $66.25. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.75 and a beta of 0.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The company had revenue of $174.48 million during the quarter, compared to analyst estimates of $177.82 million. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. During the same quarter last year, the business posted $0.81 EPS. On average, research analysts expect that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.80 dividend on an annualized basis and a yield of 4.4%. Bank of Hawaii’s dividend payout ratio (DPR) is 73.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BOH shares. Barclays raised their target price on shares of Bank of Hawaii from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a report on Friday. Piper Sandler began coverage on shares of Bank of Hawaii in a report on Thursday, August 21st. They set a “neutral” rating and a $71.00 price objective for the company. Finally, Stephens decreased their price objective on shares of Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bank of Hawaii has an average rating of “Hold” and an average price target of $75.00.

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.