GSA Capital Partners LLP Grows Stock Position in Bank of Hawaii Co. (NYSE:BOH)

GSA Capital Partners LLP raised its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 284.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,885 shares of the bank’s stock after acquiring an additional 15,450 shares during the quarter. GSA Capital Partners LLP owned approximately 0.05% of Bank of Hawaii worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB acquired a new stake in Bank of Hawaii during the 1st quarter valued at $43,673,000. Victory Capital Management Inc. lifted its position in shares of Bank of Hawaii by 13.1% in the second quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock valued at $93,533,000 after acquiring an additional 189,878 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Bank of Hawaii during the third quarter valued at $70,960,000. Dimensional Fund Advisors LP increased its position in Bank of Hawaii by 14.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock worth $45,167,000 after purchasing an additional 98,465 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Bank of Hawaii by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock valued at $38,652,000 after purchasing an additional 54,078 shares during the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $77.77 on Thursday. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $81.45. The firm’s 50 day moving average is $67.23 and its two-hundred day moving average is $63.26. The company has a market cap of $3.09 billion, a P/E ratio of 23.35, a P/E/G ratio of 5.18 and a beta of 1.03. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same quarter last year, the firm earned $1.17 earnings per share. Analysts expect that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now directly owns 13,717 shares in the company, valued at $991,327.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.11% of the company’s stock.

Analyst Ratings Changes

BOH has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Piper Sandler lifted their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Barclays increased their price target on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, DA Davidson lifted their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.80.

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.