15,478 Shares in Bank of Hawaii Corporation $BOH Bought by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in shares of Bank of Hawaii Corporation (NYSE:BOH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,478 shares of the bank’s stock, valued at approximately $1,058,000.

Other hedge funds have also recently modified their holdings of the company. Balyasny Asset Management L.P. lifted its holdings in Bank of Hawaii by 122.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after acquiring an additional 557,148 shares during the period. Verition Fund Management LLC lifted its holdings in Bank of Hawaii by 1,699.7% in the third quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after acquiring an additional 251,063 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Bank of Hawaii by 36.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock valued at $59,166,000 after acquiring an additional 229,806 shares during the period. Two Sigma Investments LP lifted its holdings in Bank of Hawaii by 163.9% in the third quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock valued at $22,306,000 after acquiring an additional 211,076 shares during the period. Finally, UBS Group AG lifted its holdings in Bank of Hawaii by 199.5% in the third quarter. UBS Group AG now owns 195,454 shares of the bank’s stock valued at $12,830,000 after acquiring an additional 130,188 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on BOH. Zacks Research downgraded Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Barclays raised their target price on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Piper Sandler reduced their target price 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. Finally, DA Davidson raised their target price on Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Hold” and a consensus target price of $85.40.

Bank of Hawaii Trading Up 1.5%

Shares of BOH stock opened at $77.90 on Wednesday. Bank of Hawaii Corporation has a fifty-two week low of $59.36 and a fifty-two week high of $82.74. The stock has a market cap of $3.09 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.80 and a beta of 0.71. The business has a fifty day simple moving average of $77.48 and a 200-day simple moving average of $74.14. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. The firm had revenue of $192.32 million during the quarter, compared to analysts’ expectations of $193.53 million. During the same quarter in the prior year, the business earned $0.97 EPS. On average, analysts forecast that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $0.70 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 56.57%.

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.