AlphaQuest LLC Grows Stock Position in Bank of Hawaii Co. (NYSE:BOH)

AlphaQuest LLC increased its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 24.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,076 shares of the bank’s stock after purchasing an additional 7,039 shares during the quarter. Bank of Hawaii makes up approximately 0.3% of AlphaQuest LLC’s investment portfolio, making the stock its 26th largest position. AlphaQuest LLC owned about 0.09% of Bank of Hawaii worth $2,570,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its holdings in shares of Bank of Hawaii by 284.3% during the third quarter. GSA Capital Partners LLP now owns 20,885 shares of the bank’s stock worth $1,311,000 after buying an additional 15,450 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Bank of Hawaii by 43.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,309 shares of the bank’s stock worth $522,000 after acquiring an additional 2,500 shares during the last quarter. Quest Partners LLC purchased a new stake in Bank of Hawaii during the 3rd quarter valued at about $1,823,000. Intech Investment Management LLC acquired a new stake in Bank of Hawaii in the 3rd quarter valued at about $615,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Bank of Hawaii by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock worth $94,872,000 after purchasing an additional 35,187 shares in the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BOH has been the subject of a number of analyst reports. DA Davidson upped their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens began coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target on the stock. Barclays lifted their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Finally, Piper Sandler increased their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.00.

Bank of Hawaii Trading Up 1.0 %

NYSE BOH opened at $69.72 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. The stock has a market capitalization of $2.77 billion, a P/E ratio of 20.15 and a beta of 1.00. The firm’s 50-day moving average is $71.87 and its two-hundred day moving average is $70.62. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.70 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.02%. Bank of Hawaii’s payout ratio is presently 80.92%.

Insider Activity at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares in the company, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.11% of the company’s stock.

Bank of Hawaii Company Profile

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.