JPMorgan Chase & Co. Boosts Position in Bank of Hawaii Co. (NYSE:BOH)

JPMorgan Chase & Co. raised its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,591 shares of the bank’s stock after acquiring an additional 10,390 shares during the period. JPMorgan Chase & Co.’s holdings in Bank of Hawaii were worth $5,435,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BOH. Geode Capital Management LLC grew its position in Bank of Hawaii by 1.2% during the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after buying an additional 10,357 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Bank of Hawaii by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock valued at $94,872,000 after purchasing an additional 35,187 shares in the last quarter. Barclays PLC raised its holdings in Bank of Hawaii by 91.2% in the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank’s stock worth $5,870,000 after purchasing an additional 44,599 shares during the period. BNP Paribas Financial Markets boosted its position in Bank of Hawaii by 186.1% during the third quarter. BNP Paribas Financial Markets now owns 25,296 shares of the bank’s stock worth $1,588,000 after purchasing an additional 16,455 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Bank of Hawaii in the third quarter valued at approximately $1,823,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Stephens initiated coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price for the company. Piper Sandler upped their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. DA Davidson increased their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted 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 note on Wednesday, December 4th. Finally, Barclays lifted their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued 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 $71.83.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $70.84 on Friday. The firm has a 50-day simple moving average of $74.37 and a 200-day simple moving average of $68.39. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 4.51 and a beta of 1.05. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The company had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. During the same quarter in the prior year, the firm earned $1.17 EPS. On average, equities analysts predict that Bank of Hawaii Co. will post 3.54 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.47% of the company’s stock.

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.