Bank of Hawaii Corporation $BOH Shares Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 66.6% during the second quarter, Holdings Channel reports. The institutional investor owned 63,217 shares of the bank’s stock after buying an additional 25,274 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Bank of Hawaii were worth $5,152,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Bank of Hawaii in the second quarter worth approximately $470,538,000. Vanguard Group Inc. increased its position in shares of Bank of Hawaii by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock valued at $312,139,000 after purchasing an additional 26,821 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bank of Hawaii by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,106,873 shares of the bank’s stock valued at $82,182,000 after purchasing an additional 22,356 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Bank of Hawaii by 122.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after purchasing an additional 557,148 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Bank of Hawaii by 36.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock valued at $59,166,000 after purchasing an additional 229,806 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BOH has been the subject of a number of analyst reports. Stephens downgraded shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a research note on Thursday, August 6th. Keefe, Bruyette & Woods cut their price target on Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Benchmark reaffirmed a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. DA Davidson upped their price objective on Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of Hawaii in a report on Friday, July 24th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target of $85.00.

Insider Activity at Bank of Hawaii

In other news, insider Marco A. Abbruzzese sold 2,441 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total value of $199,161.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.97% of the company’s stock.

Bank of Hawaii Trading Down 1.7%

Shares of Bank of Hawaii stock opened at $75.98 on Tuesday. The company has a fifty day simple moving average of $80.75 and a 200-day simple moving average of $78.26. Bank of Hawaii Corporation has a 12-month low of $59.36 and a 12-month high of $86.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.88 and a beta of 0.71.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, July 27th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The firm had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. During the same period last year, the firm posted $1.06 EPS. On average, equities analysts forecast that Bank of Hawaii Corporation will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 52.24%.

Bank of Hawaii Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.