Advantage Alpha Capital Partners LP Purchases 984 Shares of Bank of Hawaii Co. (NYSE:BOH)

Advantage Alpha Capital Partners LP boosted its position in Bank of Hawaii Co. (NYSE:BOH) by 12.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,701 shares of the bank’s stock after acquiring an additional 984 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Bank of Hawaii were worth $620,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in shares of Bank of Hawaii in the fourth quarter valued at approximately $50,000. Smartleaf Asset Management LLC raised its holdings in Bank of Hawaii by 204.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after acquiring an additional 1,037 shares during the period. KBC Group NV grew its position in shares of Bank of Hawaii by 70.9% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Bank of Hawaii by 29.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock valued at $150,000 after purchasing an additional 536 shares during the period. Finally, Xponance Inc. bought a new position in Bank of Hawaii in the 4th quarter worth about $201,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Price Performance

BOH opened at $70.15 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.79 billion, a P/E ratio of 20.27 and a beta of 1.01. The stock has a 50-day moving average price of $71.42 and a 200-day moving average price of $70.79. 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 issued its earnings results 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%. Equities analysts predict that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Friday, February 28th. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Insider Buying and Selling

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the firm’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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, January 30th. The stock was 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 directly 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. 2.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.