D. E. Shaw & Co. Inc. Has $2.53 Million Position in Bank of Hawaii Co. (NYSE:BOH)

D. E. Shaw & Co. Inc. lifted its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 452.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,546 shares of the bank’s stock after acquiring an additional 29,114 shares during the period. D. E. Shaw & Co. Inc. owned 0.09% of Bank of Hawaii worth $2,532,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank raised its holdings in Bank of Hawaii by 0.8% during the fourth quarter. Swiss National Bank now owns 78,137 shares of the bank’s stock worth $5,566,000 after buying an additional 600 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Bank of Hawaii by 188.8% in the fourth quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank’s stock valued at $17,817,000 after purchasing an additional 163,503 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock valued at $13,729,000 after purchasing an additional 5,451 shares during the last quarter. Barclays PLC raised its holdings in shares of Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after purchasing an additional 44,599 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Bank of Hawaii in the fourth quarter valued at about $27,495,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Insiders Place Their Bets

In other news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the sale, the insider now directly owns 6,442 shares of the company’s stock, valued at approximately $426,138.30. This represents a 20.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. DA Davidson increased their target price 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. Barclays increased their price target on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an “underweight” rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler increased their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Bank of Hawaii has a consensus rating of “Hold” and a consensus price target of $73.17.

Bank of Hawaii Price Performance

BOH opened at $69.86 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $2.78 billion, a P/E ratio of 20.19 and a beta of 0.76. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The firm has a 50-day moving average of $66.62 and a 200 day moving average of $71.04.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $169.87 million during the quarter, compared to analyst estimates of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same quarter last year, the business earned $0.87 earnings per share. On average, research analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.01%. Bank of Hawaii’s dividend payout ratio is presently 78.65%.

About Bank of Hawaii

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.