3,739 Shares in Bank of Hawaii Co. (NYSE:BOH) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP acquired a new position in shares of Bank of Hawaii Co. (NYSE:BOH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,739 shares of the bank’s stock, valued at approximately $266,000.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Bank of Hawaii during the fourth quarter worth about $50,000. Headlands Technologies LLC grew its holdings in shares of Bank of Hawaii by 285.8% during the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after buying an additional 703 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of Bank of Hawaii during the fourth quarter worth about $70,000. Smartleaf Asset Management LLC boosted its position in Bank of Hawaii by 204.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,037 shares during the last quarter. Finally, KBC Group NV boosted its position in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after purchasing an additional 812 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Price Performance

NYSE:BOH opened at $66.36 on Tuesday. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The company has a market cap of $2.64 billion, a P/E ratio of 19.18 and a beta of 0.87. The firm’s fifty day moving average price is $67.09 and its two-hundred day moving average price is $71.02. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 21st. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The firm had revenue of $169.87 million for the quarter, compared to the consensus estimate of $168.65 million. During the same period in the previous year, the company earned $0.87 earnings per share. Equities analysts expect that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.22%. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

Insider Buying and Selling at Bank of Hawaii

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the transaction, the chief accounting officer now directly owns 9,173 shares in the company, valued at approximately $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Taryn L. Salmon sold 449 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the completion of the transaction, the insider now owns 9,880 shares in the company, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,101 shares of company stock worth $293,101 over the last ninety days. Insiders own 2.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler increased their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. DA Davidson increased 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. Finally, Barclays increased their price target on Bank of Hawaii from $64.00 to $67.00 and gave the company an “underweight” rating in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.17.

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.