Fox Run Management L.L.C. Purchases New Shares in Bank of Hawaii Corporation $BOH

Fox Run Management L.L.C. purchased a new position in Bank of Hawaii Corporation (NYSE:BOH) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,603 shares of the bank’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its stake in shares of Bank of Hawaii by 11.6% in the 2nd quarter. DAVENPORT & Co LLC now owns 23,832 shares of the bank’s stock worth $1,609,000 after acquiring an additional 2,477 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its stake in shares of Bank of Hawaii by 2.4% during the first quarter. Marble Harbor Investment Counsel LLC now owns 91,463 shares of the bank’s stock valued at $6,308,000 after purchasing an additional 2,159 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Bank of Hawaii by 63.0% during the first quarter. Deutsche Bank AG now owns 173,635 shares of the bank’s stock valued at $11,976,000 after purchasing an additional 67,118 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Bank of Hawaii by 18.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 180,300 shares of the bank’s stock worth $12,435,000 after purchasing an additional 27,575 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Bank of Hawaii in the 1st quarter worth approximately $1,226,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Down 0.5%

Bank of Hawaii stock opened at $65.98 on Friday. Bank of Hawaii Corporation has a one year low of $57.44 and a one year high of $82.70. The business’s fifty day moving average is $65.16 and its 200 day moving average is $66.36. The stock has a market capitalization of $2.63 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.76 and a beta of 0.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Tuesday, October 28th. The bank reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. The business had revenue of $182.64 million during the quarter, compared to analyst estimates of $180.95 million. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.During the same quarter in the previous year, the firm earned $0.93 EPS. On average, sell-side analysts predict that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $0.70 dividend. The ex-dividend date is Friday, November 28th. This represents a $2.80 annualized dividend and a yield of 4.2%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 68.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler assumed coverage on Bank of Hawaii in a research report on Thursday, August 21st. They set a “neutral” rating and a $71.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a report on Wednesday, October 8th. Stephens dropped their price target on shares of Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 29th. DA Davidson reissued a “neutral” rating and set a $70.00 price objective on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Finally, Barclays raised their price objective 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, October 28th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.20.

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.