Advisors Preferred LLC Boosts Stock Holdings in Bank of Hawaii Corporation $BOH

Advisors Preferred LLC raised its stake in Bank of Hawaii Corporation (NYSE:BOH) by 279.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,129 shares of the bank’s stock after purchasing an additional 55,305 shares during the quarter. Advisors Preferred LLC’s holdings in Bank of Hawaii were worth $5,578,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. DF Dent & Co. Inc. increased its holdings in shares of Bank of Hawaii by 4.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after buying an additional 157 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Bank of Hawaii by 11.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank’s stock worth $104,000 after buying an additional 160 shares during the period. First Affirmative Financial Network boosted its holdings in Bank of Hawaii by 5.6% in the third quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock valued at $220,000 after acquiring an additional 178 shares during the last quarter. Rothschild Investment LLC boosted its holdings in Bank of Hawaii by 6.2% in the fourth quarter. Rothschild Investment LLC now owns 3,213 shares of the bank’s stock valued at $220,000 after acquiring an additional 188 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Bank of Hawaii by 1.2% during the second quarter. Cerity Partners LLC now owns 16,391 shares of the bank’s stock valued at $1,107,000 after acquiring an additional 196 shares during the period. 82.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BOH has been the subject of several research analyst reports. Barclays upped their price target on Bank of Hawaii from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Benchmark started coverage on shares of Bank of Hawaii in a research report on Wednesday, July 8th. They set a “hold” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Finally, Piper Sandler cut their price target on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.80.

Bank of Hawaii Trading Down 0.4%

Shares of BOH opened at $82.03 on Wednesday. Bank of Hawaii Corporation has a 12 month low of $59.36 and a 12 month high of $83.81. The stock’s 50-day moving average is $79.07 and its two-hundred day moving average is $76.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $3.25 billion, a PE ratio of 16.57, a P/E/G ratio of 0.87 and a beta of 0.70.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The company had revenue of $192.32 million during the quarter, compared to analyst estimates of $193.53 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same quarter last year, the business posted $0.97 EPS. Equities analysts forecast that Bank of Hawaii Corporation will post 5.89 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, May 29th. Bank of Hawaii’s dividend payout ratio is currently 56.57%.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.