Tudor Investment Corp ET AL Acquires 26,634 Shares of Bank of Hawaii Corporation $BOH

Tudor Investment Corp ET AL raised its holdings in shares of Bank of Hawaii Corporation (NYSE:BOH) by 33.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,845 shares of the bank’s stock after acquiring an additional 26,634 shares during the period. Tudor Investment Corp ET AL owned about 0.27% of Bank of Hawaii worth $6,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BOH. CIBC Bancorp USA Inc. purchased a new stake in Bank of Hawaii in the third quarter worth $276,000. First Affirmative Financial Network lifted its stake 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 worth $220,000 after acquiring an additional 178 shares during the period. Advisory Services Network LLC purchased a new stake in Bank of Hawaii in the third quarter worth $63,000. CANADA LIFE ASSURANCE Co lifted its stake in Bank of Hawaii by 2.0% in the third quarter. CANADA LIFE ASSURANCE Co now owns 40,547 shares of the bank’s stock worth $2,658,000 after acquiring an additional 794 shares during the period. Finally, PharVision Advisers LLC purchased a new stake in Bank of Hawaii in the third quarter worth $211,000. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Price Performance

BOH opened at $76.43 on Wednesday. The stock has a fifty day simple moving average of $75.67 and a two-hundred day simple moving average of $70.07. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 0.76 and a beta of 0.72. Bank of Hawaii Corporation has a 12-month low of $57.44 and a 12-month high of $80.61.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. The business had revenue of $189.65 million during the quarter, compared to the consensus estimate of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same quarter in the prior year, the company earned $0.85 earnings per share. Research analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. Bank of Hawaii’s payout ratio is presently 60.61%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BOH. DA Davidson raised their price target on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 27th. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Zacks Research downgraded Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods upgraded Bank of Hawaii from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $75.00 to $91.00 in a report on Tuesday, January 27th. Finally, Piper Sandler decreased their price objective on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.80.

About Bank of Hawaii

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.