Vestmark Advisory Solutions Inc. Boosts Holdings in Bank of Hawaii Co. (NYSE:BOH)

Vestmark Advisory Solutions Inc. boosted its position in Bank of Hawaii Co. (NYSE:BOH) by 65.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,797 shares of the bank’s stock after buying an additional 3,087 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Bank of Hawaii were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have 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. lifted its holdings in 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 acquiring an additional 5,451 shares during the period. Barclays PLC lifted its holdings in 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 acquiring an additional 44,599 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in 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 acquiring an additional 10,390 shares during the period. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Trading Up 1.0 %

NYSE:BOH opened at $69.72 on Friday. The company has a market capitalization of $2.77 billion, a PE ratio of 20.15 and a beta of 1.00. The stock has a fifty day simple moving average of $71.87 and a 200-day simple moving average of $70.62. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, equities research analysts expect 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. Investors of record on Friday, February 28th will be given 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 is presently 80.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. DA Davidson raised their target price on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Stephens assumed coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price for the company. Piper Sandler raised their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Barclays lifted their price target on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Bank of Hawaii has an average rating of “Hold” and an average target price of $73.00.

Insider Buying and Selling

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

About Bank of Hawaii

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.