R Squared Ltd Buys Shares of 3,740 Bank of Hawaii Corporation $BOH

R Squared Ltd bought a new stake in shares of Bank of Hawaii Corporation (NYSE:BOH) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,740 shares of the bank’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wealth Alliance LLC increased its stake in shares of Bank of Hawaii by 5.0% in the first quarter. Wealth Alliance LLC now owns 3,270 shares of the bank’s stock worth $226,000 after purchasing an additional 155 shares in the last quarter. Comerica Bank increased its stake in shares of Bank of Hawaii by 1.0% in the first quarter. Comerica Bank now owns 18,581 shares of the bank’s stock worth $1,282,000 after purchasing an additional 185 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of Bank of Hawaii by 110.5% in the first quarter. Golden State Wealth Management LLC now owns 581 shares of the bank’s stock worth $40,000 after purchasing an additional 305 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Bank of Hawaii by 8.7% in the first quarter. Cetera Investment Advisers now owns 4,843 shares of the bank’s stock worth $334,000 after purchasing an additional 386 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Bank of Hawaii by 31.9% in the first quarter. CWM LLC now owns 1,643 shares of the bank’s stock worth $113,000 after purchasing an additional 397 shares in the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Performance

BOH opened at $64.05 on Friday. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.75 and a beta of 0.81. The company has a fifty day moving average of $65.73 and a 200 day moving average of $66.25. Bank of Hawaii Corporation has a fifty-two week low of $57.44 and a fifty-two week high of $82.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The company had revenue of $174.48 million during the quarter, compared to analysts’ expectations of $177.82 million. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. During the same period last year, the company posted $0.81 earnings per share. As a group, sell-side analysts forecast that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.70 per share. The ex-dividend date was Friday, August 29th. This represents a $2.80 annualized dividend and a yield of 4.4%. Bank of Hawaii’s dividend payout ratio (DPR) is 73.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BOH shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of Hawaii in a research note on Friday. Barclays increased their price objective on shares of Bank of Hawaii from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Piper Sandler started coverage on shares of Bank of Hawaii in a research note on Thursday, August 21st. They issued a “neutral” rating and a $71.00 price objective for the company. Finally, Stephens cut their target price on shares of Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $75.00.

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.