Cadinha & Co. LLC Takes $218,000 Position in Bank of Hawaii Co. (NYSE:BOH)

Cadinha & Co. LLC bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,470 shares of the bank’s stock, valued at approximately $218,000.

Other hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its stake in shares of Bank of Hawaii by 299.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 44,694 shares of the bank’s stock valued at $2,788,000 after acquiring an additional 33,495 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Bank of Hawaii by 105.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock worth $32,718,000 after buying an additional 231,909 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bank of Hawaii in the first quarter valued at about $696,000. TIAA Trust National Association purchased a new stake in shares of Bank of Hawaii during the 1st quarter valued at about $2,357,000. Finally, Vanguard Group Inc. lifted its position in Bank of Hawaii by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 4,650,102 shares of the bank’s stock worth $336,946,000 after acquiring an additional 87,919 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods raised Bank of Hawaii from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $60.00 to $67.00 in a research report on Wednesday, October 2nd. DA Davidson raised their price objective on Bank of Hawaii from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Piper Sandler downgraded Bank of Hawaii from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $70.00 to $61.00 in a report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.40.

Bank of Hawaii Stock Performance

NYSE:BOH traded up $0.25 during trading hours on Thursday, reaching $64.18. 17,898 shares of the stock were exchanged, compared to its average volume of 314,976. The stock has a market capitalization of $2.55 billion, a P/E ratio of 16.48 and a beta of 1.05. The firm has a 50 day simple moving average of $64.51 and a 200-day simple moving average of $61.24. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Bank of Hawaii Co. has a 52 week low of $45.56 and a 52 week high of $75.19.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $255.62 million during the quarter, compared to analyst estimates of $157.12 million. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. During the same period in the prior year, the firm earned $1.12 EPS. As a group, sell-side analysts forecast that Bank of Hawaii Co. will post 3.4 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.70 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.36%. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 2,364 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $67.80, for a total value of $160,279.20. Following the sale, the insider now directly owns 10,785 shares of the company’s stock, valued at $731,223. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.11% of the stock is currently owned by insiders.

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.