Charles Schwab Investment Management Inc. Buys 60,092 Shares of Bank of Hawaii Co. (NYSE:BOH)

Charles Schwab Investment Management Inc. boosted its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,571,512 shares of the bank's stock after acquiring an additional 60,092 shares during the period. Charles Schwab Investment Management Inc. owned 3.95% of Bank of Hawaii worth $111,955,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of BOH. SBI Securities Co. Ltd. bought a new position in Bank of Hawaii during the fourth quarter valued at $50,000. Smartleaf Asset Management LLC increased its holdings in Bank of Hawaii by 204.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock worth $110,000 after acquiring an additional 1,037 shares during the last quarter. KBC Group NV raised its stake in Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after acquiring an additional 812 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Bank of Hawaii by 29.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank's stock valued at $150,000 after purchasing an additional 536 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of Bank of Hawaii in the fourth quarter worth about $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 recent research reports. Barclays upped their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler lifted their price target 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. Stephens began coverage on Bank of Hawaii in a report on Wednesday, November 27th. They set an "overweight" rating and a $90.00 price objective on the stock. Finally, DA Davidson raised their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $73.00.

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Bank of Hawaii Price Performance

BOH traded down $0.80 on Wednesday, reaching $66.54. The company had a trading volume of 262,073 shares, compared to its average volume of 318,213. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 19.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The business has a 50 day simple moving average of $71.74 and a 200 day simple moving average of $70.69.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 11.81% and a net margin of 14.47%. As a group, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, February 28th. Bank of Hawaii's payout ratio is currently 80.92%.

Insider Activity

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Corporate insiders own 2.11% of the company's stock.

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.