Deutsche Bank AG Increases Holdings in Bank of Hawaii Co. (NYSE:BOH)

Deutsche Bank AG increased its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 26.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 106,517 shares of the bank’s stock after acquiring an additional 22,422 shares during the period. Deutsche Bank AG’s holdings in Bank of Hawaii were worth $7,588,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BOH. SBI Securities Co. Ltd. purchased a new stake in Bank of Hawaii during the 4th quarter valued at approximately $50,000. Headlands Technologies LLC boosted its position in shares of Bank of Hawaii by 285.8% during the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after acquiring an additional 703 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in Bank of Hawaii during the fourth quarter valued at $70,000. Smartleaf Asset Management LLC increased its holdings 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 last quarter. Finally, KBC Group NV increased its holdings 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 last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays raised their price objective 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. DA Davidson raised their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Piper Sandler lifted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $73.17.

Insider Transactions at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the sale, the insider now directly owns 6,442 shares of the company’s stock, valued at $426,138.30. This represents a 20.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.07% of the company’s stock.

Bank of Hawaii Trading Down 0.1%

Shares of NYSE BOH opened at $69.98 on Friday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 20.23 and a beta of 0.76. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70. The business’s 50 day moving average is $66.56 and its two-hundred day moving average is $71.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.

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

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

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.