Dimensional Fund Advisors LP Acquires 9,133 Shares of Bank of Hawaii Co. (NYSE:BOH)

Posted by Defense World Staff on May 26th, 2023

Dimensional Fund Advisors LP lifted its position in Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 900,193 shares of the bank’s stock after buying an additional 9,133 shares during the period. Dimensional Fund Advisors LP owned approximately 2.25% of Bank of Hawaii worth $69,819,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC grew its position in shares of Bank of Hawaii by 5,445.5% in the 3rd quarter. Eagle Bay Advisors LLC now owns 610 shares of the bank’s stock worth $46,000 after buying an additional 599 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Bank of Hawaii in the 3rd quarter worth approximately $53,000. Ronald Blue Trust Inc. grew its position in shares of Bank of Hawaii by 128.9% in the 4th quarter. Ronald Blue Trust Inc. now owns 698 shares of the bank’s stock worth $53,000 after buying an additional 393 shares during the last quarter. Covestor Ltd grew its position in shares of Bank of Hawaii by 72.4% in the 1st quarter. Covestor Ltd now owns 707 shares of the bank’s stock worth $59,000 after buying an additional 297 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Bank of Hawaii by 91.0% in the 1st quarter. Captrust Financial Advisors now owns 938 shares of the bank’s stock worth $79,000 after buying an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $39.55 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 0.66. The company has a fifty day moving average of $46.32 and a two-hundred day moving average of $65.78. The stock has a market capitalization of $1.57 billion, a PE ratio of 7.46, a P/E/G ratio of 1.16 and a beta of 0.97. Bank of Hawaii Co. has a fifty-two week low of $30.83 and a fifty-two week high of $85.45.

Bank of Hawaii (NYSE:BOH – Get Rating) last posted its quarterly earnings data on Monday, April 24th. The bank reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.09). The company had revenue of $229.07 million for the quarter, compared to analyst estimates of $177.67 million. Bank of Hawaii had a return on equity of 19.01% and a net margin of 26.90%. During the same quarter in the prior year, the company posted $1.32 earnings per share. As a group, research analysts forecast that Bank of Hawaii Co. will post 4.29 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date is Tuesday, May 30th. Bank of Hawaii’s payout ratio is 52.83%.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, Director Kent Thomas Lucien bought 1,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of $32.29 per share, with a total value of $32,290.00. Following the completion of the acquisition, the director now directly owns 5,500 shares of the company’s stock, valued at $177,595. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Bank of Hawaii news, Director Kent Thomas Lucien bought 1,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of $32.29 per share, with a total value of $32,290.00. Following the completion of the acquisition, the director now directly owns 5,500 shares of the company’s stock, valued at $177,595. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alicia E. Moy bought 4,200 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were acquired at an average cost of $47.90 per share, with a total value of $201,180.00. Following the acquisition, the director now directly owns 10,482 shares of the company’s stock, valued at $502,087.80. The disclosure for this purchase can be found here. Insiders own 2.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BOH. DA Davidson dropped their price objective on shares of Bank of Hawaii from $76.00 to $55.00 in a report on Monday, March 20th. Keefe, Bruyette & Woods decreased their target price on shares of Bank of Hawaii from $83.00 to $60.00 and set a “market perform” rating for the company in a research note on Thursday, April 6th. StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research note on Friday, May 12th. Finally, TheStreet cut shares of Bank of Hawaii from a “b-” rating to a “c+” rating in a research note on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $66.25.

About Bank of Hawaii

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Bank of Hawaii Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers financial products and services, including loan, deposit and insurance products, private banking and international client banking services, trust services, investment management, and institutional investment advisory services.