J.W. Cole Advisors Inc. Takes $469,000 Position in Bank of Hawaii Co. (NYSE:BOH)

J.W. Cole Advisors Inc. acquired a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,469 shares of the bank’s stock, valued at approximately $469,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Harrington Investments INC increased its holdings in Bank of Hawaii by 1.1% during the 4th quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock worth $1,355,000 after purchasing an additional 200 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Bank of Hawaii by 2.5% during the 4th quarter. Bleakley Financial Group LLC now owns 8,424 shares of the bank’s stock worth $610,000 after purchasing an additional 206 shares in the last quarter. Covestor Ltd increased its holdings in Bank of Hawaii by 17.1% during the 3rd quarter. Covestor Ltd now owns 1,429 shares of the bank’s stock worth $71,000 after purchasing an additional 209 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Bank of Hawaii by 4.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 7,978 shares of the bank’s stock worth $396,000 after purchasing an additional 314 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in Bank of Hawaii by 2.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 19,933 shares of the bank’s stock worth $990,000 after purchasing an additional 422 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Down 0.4 %

Bank of Hawaii stock opened at $58.20 on Wednesday. Bank of Hawaii Co. has a 52 week low of $30.83 and a 52 week high of $75.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $2.31 billion, a P/E ratio of 15.00, a PEG ratio of 1.96 and a beta of 1.06. The stock has a 50-day simple moving average of $60.41 and a 200 day simple moving average of $60.81.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The business had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. During the same quarter in the previous year, the business posted $1.14 EPS. Analysts expect that Bank of Hawaii Co. will post 3.72 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 31st. This represents a $2.80 annualized dividend and a yield of 4.81%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BOH shares. Jefferies Financial Group lowered their target price on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a report on Monday, April 8th. Piper Sandler decreased their price objective on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods raised their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a report on Tuesday. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Finally, Barclays decreased their price objective on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Reduce” and an average target price of $52.20.

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.