Dynamic Technology Lab Private Ltd Takes Position in Bank of Hawaii Co. (NYSE:BOH)

Dynamic Technology Lab Private Ltd bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,254 shares of the bank’s stock, valued at approximately $895,000.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Bank of Hawaii by 41.3% during the first quarter. Russell Investments Group Ltd. now owns 8,776 shares of the bank’s stock worth $548,000 after buying an additional 2,566 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Bank of Hawaii by 6.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,255 shares of the bank’s stock worth $2,447,000 after acquiring an additional 2,465 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Bank of Hawaii by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank’s stock valued at $2,052,000 after purchasing an additional 1,398 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Bank of Hawaii in the 1st quarter valued at $283,000. Finally, Tidal Investments LLC purchased a new stake in shares of Bank of Hawaii during the 1st quarter worth $832,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Up 0.7 %

BOH opened at $80.35 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The business’s 50 day moving average is $69.79 and its two-hundred day moving average is $64.54. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 5.29 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same period in the previous year, the company posted $1.17 EPS. On average, research analysts predict that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.70 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. Bank of Hawaii’s payout ratio is 84.08%.

Analysts Set New Price Targets

Several research firms recently commented on BOH. Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. DA Davidson raised their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Barclays upped their price target on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Piper Sandler raised their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, Stephens assumed coverage on shares of Bank of Hawaii in a research report on Wednesday. They set an “overweight” rating and a $90.00 price objective for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and a consensus price target of $69.00.

Insider Transactions at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now owns 13,717 shares in the company, valued at $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.11% 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.