Marble Harbor Investment Counsel LLC Has $7.67 Million Holdings in Bank of Hawaii Corporation $BOH

Marble Harbor Investment Counsel LLC lifted its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,199 shares of the bank’s stock after buying an additional 14,075 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Bank of Hawaii were worth $7,671,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BOH. Balyasny Asset Management L.P. increased its holdings in 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 during the period. Verition Fund Management LLC increased its holdings in Bank of Hawaii by 1,699.7% in the third quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after purchasing an additional 251,063 shares during the period. Two Sigma Investments LP increased its holdings in 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 during the period. UBS Group AG increased its holdings in Bank of Hawaii by 199.5% in the third quarter. UBS Group AG now owns 195,454 shares of the bank’s stock valued at $12,830,000 after purchasing an additional 130,188 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Bank of Hawaii in the second quarter valued at $6,879,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

BOH opened at $76.37 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 0.81 and a beta of 0.73. The firm’s fifty day moving average price is $76.26 and its two-hundred day moving average price is $72.88. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $82.74.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The firm had revenue of $192.32 million for the quarter, compared to analysts’ expectations of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same period in the prior year, the firm earned $0.97 earnings per share. As a group, analysts anticipate that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, May 29th. Bank of Hawaii’s payout ratio is presently 56.57%.

Analyst Upgrades and Downgrades

BOH has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Weiss Ratings upgraded Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Stephens increased their price target on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. DA Davidson increased their price target on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.40.

Bank of Hawaii Company 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.