Xponance Inc. Makes New Investment in Bank of Hawaii Co. (NYSE:BOH)

Xponance Inc. purchased a new stake in Bank of Hawaii Co. (NYSE:BOH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,825 shares of the bank’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Bank of Hawaii in the fourth quarter valued at $50,000. Smartleaf Asset Management LLC increased its position in shares of Bank of Hawaii by 204.9% in the fourth 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. KBC Group NV increased its position in shares of Bank of Hawaii by 70.9% in the fourth 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. Point72 Asia Singapore Pte. Ltd. raised its holdings in Bank of Hawaii by 29.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after acquiring an additional 536 shares in the last quarter. Finally, Choreo LLC acquired a new position in Bank of Hawaii during the fourth quarter valued at approximately $205,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BOH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on 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. Piper Sandler increased their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. DA Davidson boosted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their price target 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 assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $73.00.

Bank of Hawaii Stock Performance

NYSE BOH opened at $68.60 on Friday. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The stock has a market cap of $2.73 billion, a PE ratio of 19.83 and a beta of 1.01. The firm has a 50-day moving average of $71.32 and a 200-day moving average of $70.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. On average, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Friday, February 28th. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Insider Activity

In related news, insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the sale, the insider now directly owns 9,880 shares in the company, valued at approximately $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.07% of the stock is currently owned by company 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.