Bank of Hawaii Co. (NYSE:BOH) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its stake in Bank of Hawaii Co. (NYSE:BOH) by 204.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,543 shares of the bank’s stock after acquiring an additional 1,037 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Bank of Hawaii were worth $110,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Bank of Hawaii by 1.2% in the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after acquiring an additional 10,357 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Bank of Hawaii by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock valued at $94,872,000 after acquiring an additional 35,187 shares during the period. Principal Financial Group Inc. increased its position in shares of Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock valued at $13,729,000 after buying an additional 5,451 shares in the last quarter. Barclays PLC increased its position in shares of Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after buying an additional 44,599 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Bank of Hawaii by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank’s stock valued at $5,435,000 after buying an additional 10,390 shares in the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BOH has been the subject of a number of recent analyst reports. Barclays boosted their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. DA Davidson boosted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Stephens initiated coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Piper Sandler boosted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Stock Up 1.0 %

Shares of BOH opened at $69.72 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.15 and a beta of 1.00. The stock has a 50 day moving average price of $71.88 and a 200 day moving average price of $70.55.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Equities research analysts forecast that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 80.92%.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the transaction, the insider now owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the transaction, the chief accounting officer now directly owns 9,173 shares in the company, valued at $688,708.84. This trade represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by corporate insiders.

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.