JPMorgan Chase & Co. Acquires 10,390 Shares of Bank of Hawaii Co. (NYSE:BOH)

JPMorgan Chase & Co. boosted its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 13.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,591 shares of the bank’s stock after acquiring an additional 10,390 shares during the quarter. JPMorgan Chase & Co. owned about 0.22% of Bank of Hawaii worth $5,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BOH. Oppenheimer Asset Management Inc. bought a new position in shares of Bank of Hawaii during the 2nd quarter valued at approximately $332,000. Envestnet Asset Management Inc. boosted its stake in Bank of Hawaii by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 168,145 shares of the bank’s stock worth $9,620,000 after buying an additional 18,747 shares during the period. Dimensional Fund Advisors LP increased its position in Bank of Hawaii by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock valued at $45,167,000 after acquiring an additional 98,465 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Bank of Hawaii by 7.2% in the second quarter. Renaissance Technologies LLC now owns 102,400 shares of the bank’s stock valued at $5,858,000 after acquiring an additional 6,900 shares during the period. Finally, Bridges Investment Management Inc. bought a new stake in shares of Bank of Hawaii in the 2nd quarter worth about $205,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Down 0.7 %

NYSE:BOH opened at $70.84 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70. The company has a 50-day moving average of $74.37 and a 200 day moving average of $68.39. The firm has a market cap of $2.82 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 4.51 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $265.76 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $1.17 earnings per share. As a group, research analysts anticipate that Bank of Hawaii Co. will post 3.54 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

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

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now directly owns 13,717 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Corporate insiders own 2.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BOH shares. Piper Sandler upped their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. DA Davidson upped their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Barclays boosted their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Stephens began coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target on the stock. Three investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.83.

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.