6,887 Shares in Bank of Hawaii Corporation $BOH Purchased by Globeflex Capital L P

Globeflex Capital L P bought a new position in Bank of Hawaii Corporation (NYSE:BOH) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,887 shares of the bank’s stock, valued at approximately $511,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BOH. Balyasny Asset Management L.P. boosted its position in shares of Bank of Hawaii by 122.3% during 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 acquiring an additional 557,148 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Bank of Hawaii in the first quarter worth approximately $34,385,000. Nuveen LLC increased its position in shares of Bank of Hawaii by 455.6% in the fourth quarter. Nuveen LLC now owns 491,187 shares of the bank’s stock worth $33,582,000 after purchasing an additional 402,774 shares during the last quarter. Verition Fund Management LLC raised its stake in Bank of Hawaii by 1,699.7% in the third quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after purchasing an additional 251,063 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Bank of Hawaii by 36.2% in the fourth 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. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on BOH. Stephens boosted their price target on shares of Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Piper Sandler dropped their price objective on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Barclays upped their target price on shares of Bank of Hawaii from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Wall Street Zen cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Benchmark assumed coverage on Bank of Hawaii in a research note on Wednesday, July 8th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.80.

Bank of Hawaii Price Performance

BOH stock opened at $84.71 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $3.36 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.89 and a beta of 0.70. The firm’s fifty day moving average is $79.76 and its 200 day moving average is $77.07. Bank of Hawaii Corporation has a 52 week low of $59.36 and a 52 week high of $86.31.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. The business had revenue of $192.32 million for the quarter, compared to analysts’ expectations of $193.53 million. During the same quarter in the previous year, the company earned $0.97 earnings per share. Research analysts predict that Bank of Hawaii Corporation will post 5.89 earnings per share for the current year.

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.