Cadinha & Co. LLC Increases Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

Cadinha & Co. LLC grew its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,893 shares of the bank’s stock after buying an additional 423 shares during the quarter. Cadinha & Co. LLC’s holdings in Bank of Hawaii were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BOH. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bank of Hawaii in the 2nd quarter valued at approximately $106,000. Point72 DIFC Ltd acquired a new stake in shares of Bank of Hawaii in the 2nd quarter valued at approximately $119,000. UMB Bank n.a. boosted its stake in shares of Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after buying an additional 2,644 shares in the last quarter. Bridges Investment Management Inc. acquired a new position in Bank of Hawaii during the second quarter worth $205,000. Finally, Crestwood Advisors Group LLC purchased a new position in Bank of Hawaii in the third quarter worth $207,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Trading Up 0.3 %

Shares of Bank of Hawaii stock opened at $71.12 on Friday. The business has a 50 day moving average price of $74.10 and a 200 day moving average price of $68.58. The company has a market capitalization of $2.83 billion, a P/E ratio of 21.36, a P/E/G ratio of 4.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period in the prior year, the business earned $1.17 earnings per share. Sell-side analysts anticipate that Bank of Hawaii Co. will post 3.54 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Insider Activity

In other news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the sale, the insider now owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BOH. Keefe, Bruyette & Woods boosted their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler boosted their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Barclays increased their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Stephens assumed coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, DA Davidson raised their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.83.

Bank of Hawaii Company 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.