AlphaQuest LLC Has $1.39 Million Stock Holdings in Bank of Hawaii Corporation $BOH

AlphaQuest LLC grew its stake in Bank of Hawaii Corporation (NYSE:BOH) by 229.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,293 shares of the bank’s stock after buying an additional 14,136 shares during the period. AlphaQuest LLC’s holdings in Bank of Hawaii were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BOH. Vanguard Group Inc. grew its stake in Bank of Hawaii by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock worth $312,139,000 after purchasing an additional 26,821 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Bank of Hawaii by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,049,452 shares of the bank’s stock valued at $68,885,000 after purchasing an additional 37,370 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Bank of Hawaii by 122.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after purchasing an additional 557,148 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Bank of Hawaii by 0.3% in the third quarter. American Century Companies Inc. now owns 655,639 shares of the bank’s stock valued at $43,036,000 after purchasing an additional 2,175 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Bank of Hawaii by 163.9% in the third quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock valued at $22,306,000 after purchasing an additional 211,076 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Trading Down 0.7%

BOH opened at $77.85 on Thursday. The business has a 50 day simple moving average of $76.79 and a two-hundred day simple moving average of $73.44. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.82 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. Bank of Hawaii Corporation has a one year low of $59.36 and a one year high of $82.74.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 20th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The business had revenue of $192.32 million for the quarter, compared to the consensus estimate of $193.53 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same period in the previous year, the company earned $0.97 EPS. Analysts predict that Bank of Hawaii Corporation will post 5.91 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Hawaii’s dividend payout ratio is 56.57%.

Analysts Set New Price Targets

A number of analysts recently commented on BOH shares. Barclays lifted their price target on Bank of Hawaii from $83.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. Stephens lifted their price target on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. DA Davidson lifted their price target on Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Wall Street Zen cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and an average target price of $85.40.

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.