Wealth Alliance Invests $243,000 in Bank of Hawaii Co. (NYSE:BOH)

Wealth Alliance bought a new position in Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,355 shares of the bank’s stock, valued at approximately $243,000.

Other institutional investors have also made changes to their positions in the company. Sei Investments Co. grew its position in Bank of Hawaii by 1.9% during the first quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock valued at $724,000 after purchasing an additional 151 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in Bank of Hawaii by 27.9% in the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock valued at $60,000 after acquiring an additional 155 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Bank of Hawaii by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 21,833 shares of the bank’s stock valued at $1,662,000 after acquiring an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Bank of Hawaii by 16.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,387 shares of the bank’s stock valued at $108,000 after acquiring an additional 194 shares during the last quarter. Finally, Harrington Investments INC lifted its stake in Bank of Hawaii by 1.1% in the fourth quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock valued at $1,355,000 after acquiring an additional 200 shares during the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on BOH. StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reduced their target price on shares of Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 23rd. Piper Sandler reduced their price objective on shares of Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Barclays started coverage on shares of Bank of Hawaii in a research note on Friday, March 8th. They issued an “underweight” rating and a $51.00 price objective for the company. Finally, Jefferies Financial Group reduced their price objective on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $53.60.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $56.41 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. Bank of Hawaii Co. has a 1 year low of $30.83 and a 1 year high of $75.19. The company has a market cap of $2.24 billion, a PE ratio of 13.59, a PEG ratio of 1.89 and a beta of 1.06. The company’s 50-day moving average is $60.58 and its two-hundred day moving average is $60.41.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. The company had revenue of $252.63 million during the quarter, compared to analyst estimates of $161.03 million. During the same quarter in the previous year, the business earned $1.50 EPS. Equities analysts anticipate that Bank of Hawaii Co. will post 3.72 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.80 annualized dividend and a dividend yield of 4.96%. Bank of Hawaii’s dividend payout ratio is presently 67.47%.

Bank of Hawaii 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.