Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Bank of Hawaii

Bank of Hawaii cut its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,059 shares of the bank’s stock after selling 7,843 shares during the period. Bank of Hawaii owned approximately 0.18% of Bank of Hawaii worth $4,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bank of Hawaii during the 2nd quarter valued at about $106,000. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii during the second quarter valued at approximately $119,000. UMB Bank n.a. increased its stake in shares of Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after acquiring an additional 2,644 shares during the period. Rothschild Investment LLC bought a new stake in Bank of Hawaii during the second quarter worth approximately $172,000. Finally, Bridges Investment Management Inc. bought a new position in Bank of Hawaii during the 2nd quarter valued at $205,000. 82.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BOH has been the topic of a number of research reports. DA Davidson boosted their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Piper Sandler boosted their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Barclays raised their price objective on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, Bank of Hawaii has an average rating of “Hold” and a consensus price target of $64.80.

Insider Transactions at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction dated 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 directly owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This represents a 8.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.47% of the stock is currently owned by insiders.

Bank of Hawaii Trading Up 3.0 %

Shares of BOH opened at $80.28 on Monday. The business’s 50-day moving average price is $69.18 and its 200 day moving average price is $64.25. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.19 billion, a P/E ratio of 24.11, a P/E/G ratio of 5.27 and a beta of 1.03. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $81.45.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping 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 net margin of 13.76% and a return on equity of 11.33%. During the same period last year, the firm posted $1.17 earnings per share. Analysts expect that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.70 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.49%. Bank of Hawaii’s payout ratio is currently 84.08%.

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.