Globeflex Capital L P Makes New $511,000 Investment in Bank of Hawaii Corporation $BOH

Globeflex Capital L P acquired a new position in shares of Bank of Hawaii Corporation (NYSE:BOH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,887 shares of the bank’s stock, valued at approximately $511,000.

Several other large investors also recently made changes to their positions in the company. Marble Harbor Investment Counsel LLC increased its position in shares of Bank of Hawaii by 14.3% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 112,199 shares of the bank’s stock worth $7,671,000 after acquiring an additional 14,075 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Bank of Hawaii by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock valued at $312,139,000 after acquiring an additional 26,821 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Bank of Hawaii by 33.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 105,845 shares of the bank’s stock worth $6,948,000 after purchasing an additional 26,634 shares during the period. SG Americas Securities LLC bought a new stake in Bank of Hawaii in the fourth quarter worth about $2,024,000. Finally, AlphaQuest LLC lifted its stake in Bank of Hawaii by 229.6% in the fourth quarter. AlphaQuest LLC now owns 20,293 shares of the bank’s stock valued at $1,387,000 after purchasing an additional 14,136 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $84.71 on Thursday. The business’s fifty day moving average is $79.76 and its 200 day moving average is $77.07. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.89 and a beta of 0.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 0.69. Bank of Hawaii Corporation has a 52-week low of $59.36 and a 52-week high of $86.31.

Bank of Hawaii (NYSE:BOH) last posted its 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 company had revenue of $192.32 million for the quarter, compared to analysts’ expectations of $193.53 million. During the same period in the previous year, the firm earned $0.97 EPS. Research analysts predict that Bank of Hawaii Corporation will post 5.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BOH shares. Weiss Ratings upgraded Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Benchmark started coverage on shares of Bank of Hawaii in a report on Wednesday, July 8th. They set a “hold” rating on the stock. DA Davidson increased their target price on shares of Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods lifted 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 note on Tuesday, April 21st. Finally, Zacks Research cut shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.80.

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.