Numerai GP LLC Invests $5.89 Million in Bank of Hawaii Corporation $BOH

Numerai GP LLC purchased a new position in shares of Bank of Hawaii Corporation (NYSE:BOH) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 89,773 shares of the bank’s stock, valued at approximately $5,893,000. Bank of Hawaii comprises 0.8% of Numerai GP LLC’s portfolio, making the stock its 19th biggest position.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in Bank of Hawaii by 150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after purchasing an additional 270 shares in the last quarter. Strs Ohio purchased a new stake in shares of Bank of Hawaii in the first quarter valued at approximately $41,000. EverSource Wealth Advisors LLC increased its holdings in shares of Bank of Hawaii by 461.3% in the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after purchasing an additional 512 shares during the last quarter. State of Wyoming increased its holdings in shares of Bank of Hawaii by 8,220.0% in the second quarter. State of Wyoming now owns 832 shares of the bank’s stock valued at $56,000 after purchasing an additional 822 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in Bank of Hawaii during the second quarter worth approximately $83,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Insider Buying and Selling at Bank of Hawaii

In related news, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the completion of the transaction, the chief executive officer owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BOH shares. DA Davidson boosted their price objective on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 27th. Stephens reiterated an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. Zacks Research raised shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Barclays upped their price objective on shares of Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

Bank of Hawaii Price Performance

NYSE:BOH opened at $72.23 on Tuesday. The company has a market capitalization of $2.86 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.74 and a beta of 0.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. Bank of Hawaii Corporation has a 52 week low of $57.44 and a 52 week high of $80.61. The stock’s fifty day moving average is $75.03 and its two-hundred day moving average is $69.40.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. The firm had revenue of $189.65 million during the quarter, compared to the consensus estimate of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same period last year, the company earned $0.85 EPS. Equities analysts expect that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, February 27th. Bank of Hawaii’s dividend payout ratio is currently 60.61%.

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.