Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by Congress Asset Management Co. MA

Congress Asset Management Co. MA lifted its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,987 shares of the bank’s stock after acquiring an additional 185 shares during the period. Congress Asset Management Co. MA owned 0.12% of Bank of Hawaii worth $3,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in shares of Bank of Hawaii by 105.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 451,528 shares of the bank’s stock worth $32,718,000 after acquiring an additional 231,909 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Bank of Hawaii during the 4th quarter worth about $463,000. Epoch Investment Partners Inc. raised its position in shares of Bank of Hawaii by 72.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 222,730 shares of the bank’s stock worth $16,139,000 after acquiring an additional 93,850 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Bank of Hawaii by 9,660.0% during the 4th quarter. TFO Wealth Partners LLC now owns 488 shares of the bank’s stock worth $362,000 after acquiring an additional 483 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Bank of Hawaii during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Trading Up 2.1 %

Shares of BOH stock opened at $57.12 on Tuesday. The business’s 50 day moving average is $58.03 and its two-hundred day moving average is $62.33. Bank of Hawaii Co. has a twelve month low of $39.02 and a twelve month high of $75.19. The company has a market capitalization of $2.27 billion, a P/E ratio of 14.72 and a beta of 1.07. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Friday, April 26th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The company had revenue of $252.64 million during the quarter, compared to analysts’ expectations of $160.79 million. During the same quarter last year, the business posted $1.14 earnings per share. Equities analysts forecast that Bank of Hawaii Co. will post 3.51 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.90%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

Wall Street Analyst Weigh In

BOH has been the topic of several research analyst reports. StockNews.com raised Bank of Hawaii to a “sell” rating in a research report on Thursday, May 30th. Jefferies Financial Group cut their price target on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Barclays cut their price target on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 23rd. Finally, Piper Sandler cut their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $57.50.

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.