American Century Companies Inc. Sells 6,063 Shares of Bank of Hawaii Co. (NYSE:BOH)

American Century Companies Inc. lowered its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 702,374 shares of the bank's stock after selling 6,063 shares during the period. American Century Companies Inc. owned 1.77% of Bank of Hawaii worth $50,037,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BOH. State Street Corp increased its stake in shares of Bank of Hawaii by 5.0% in the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank's stock valued at $140,897,000 after buying an additional 106,717 shares during the period. Congress Asset Management Co. increased its position in Bank of Hawaii by 108.6% in the fourth quarter. Congress Asset Management Co. now owns 127,500 shares of the bank's stock worth $9,083,000 after purchasing an additional 66,366 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Bank of Hawaii by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock worth $111,955,000 after purchasing an additional 60,092 shares during the last quarter. Barclays PLC raised its holdings in Bank of Hawaii by 91.2% during the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank's stock worth $5,870,000 after purchasing an additional 44,599 shares during the last quarter. Finally, FMR LLC lifted its position in Bank of Hawaii by 351.7% during the 3rd quarter. FMR LLC now owns 36,309 shares of the bank's stock valued at $2,279,000 after purchasing an additional 28,271 shares during the period. Institutional investors own 82.18% of the company's stock.

Remove Ads

Insiders Place Their Bets

In related news, insider Taryn L. Salmon sold 449 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the business's stock in a transaction on Friday, January 31st. The shares were 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 directly owns 9,173 shares in the company, valued at $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BOH shares. Keefe, Bruyette & Woods lifted their price target 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. Barclays lifted their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. DA Davidson increased their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, Piper Sandler lifted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $73.00.

Bank of Hawaii Trading Down 1.7 %

Shares of NYSE BOH traded down $1.19 during midday trading on Friday, reaching $68.60. 254,811 shares of the stock were exchanged, compared to its average volume of 348,781. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 19.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50-day simple moving average of $71.32 and a two-hundred day simple moving average of $70.97.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. As a group, equities research analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 4.08%. Bank of Hawaii's payout ratio is 80.92%.

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.