Aigen Investment Management LP Purchases Shares of 3,279 Bank of Hawaii Co. (NYSE:BOH)

Aigen Investment Management LP acquired a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,279 shares of the bank’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Bank of Hawaii by 1.2% during the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after purchasing an additional 10,357 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $94,872,000 after acquiring an additional 35,187 shares during the last quarter. Principal Financial Group Inc. grew its position in Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock worth $13,729,000 after acquiring an additional 5,451 shares in the last quarter. Barclays PLC increased its stake in Bank of Hawaii by 91.2% during the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock worth $5,870,000 after acquiring an additional 44,599 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Bank of Hawaii by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank’s stock valued at $5,435,000 after purchasing an additional 10,390 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Price Performance

Bank of Hawaii stock opened at $69.72 on Monday. 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 cap of $2.77 billion, a price-to-earnings ratio of 20.15 and a beta of 1.00. The firm has a 50-day moving average of $71.87 and a two-hundred day moving average of $70.66. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts forecast 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. Investors of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 annualized dividend and a dividend yield of 4.02%. Bank of Hawaii’s payout ratio is currently 80.92%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BOH shares. Piper Sandler boosted their target price 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. Stephens initiated 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 objective on the stock. Keefe, Bruyette & Woods raised their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Barclays increased their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, DA Davidson boosted their target price 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. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.00.

Insider Buying and Selling

In related news, insider Taryn L. Salmon sold 449 shares of the business’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 $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares in the company, valued at $688,708.84. This trade represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is owned by insiders.

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.