Everpar Advisors LLC Makes New $248,000 Investment in Bank of Hawaii Co. (NYSE:BOH)

Everpar Advisors LLC acquired a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,424 shares of the bank’s stock, valued at approximately $248,000.

Several other large investors also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Bank of Hawaii during the third quarter valued at approximately $37,000. Allspring Global Investments Holdings LLC boosted its position in shares of Bank of Hawaii by 2,197.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 781 shares of the bank’s stock valued at $39,000 after buying an additional 747 shares during the period. GAMMA Investing LLC purchased a new position in shares of Bank of Hawaii during the fourth quarter valued at approximately $41,000. Strs Ohio purchased a new position in shares of Bank of Hawaii during the fourth quarter valued at approximately $50,000. Finally, Covestor Ltd boosted its position in shares of Bank of Hawaii by 17.1% during the third quarter. Covestor Ltd now owns 1,429 shares of the bank’s stock valued at $71,000 after buying an additional 209 shares during the period. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $59.22 on Thursday. The company has a 50-day simple moving average of $59.81 and a two-hundred day simple moving average of $61.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii Co. has a one year low of $30.83 and a one year high of $75.19. The company has a market capitalization of $2.35 billion, a PE ratio of 15.26, a P/E/G ratio of 2.10 and a beta of 1.08.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Friday, April 26th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). The firm had revenue of $252.64 million during the quarter, compared to analyst estimates of $160.79 million. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. During the same quarter last year, the business earned $1.14 earnings per share. Research analysts expect that Bank of Hawaii Co. will post 3.53 EPS 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 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.80 annualized dividend and a yield of 4.73%. Bank of Hawaii’s dividend payout ratio (DPR) is 72.16%.

Analyst Ratings Changes

BOH has been the subject of several research analyst reports. Barclays lowered their price target on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, April 23rd. StockNews.com raised Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods upped their price objective on shares of Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Piper Sandler reduced their price target on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group lowered their price target on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $52.20.

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.