Bank of Hawaii Has $4.46 Million Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

Bank of Hawaii lessened its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,059 shares of the bank's stock after selling 7,843 shares during the period. Bank of Hawaii owned about 0.18% of Bank of Hawaii worth $4,460,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Swedbank AB bought a new stake in shares of Bank of Hawaii in the 1st quarter worth approximately $43,673,000. Victory Capital Management Inc. lifted its holdings in shares of Bank of Hawaii by 13.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank's stock worth $93,533,000 after purchasing an additional 189,878 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Bank of Hawaii in the 3rd quarter worth approximately $70,960,000. Dimensional Fund Advisors LP lifted its holdings in shares of Bank of Hawaii by 14.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock worth $45,167,000 after purchasing an additional 98,465 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Bank of Hawaii by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank's stock worth $38,652,000 after purchasing an additional 54,078 shares during the last quarter. Institutional investors own 82.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BOH. Barclays raised their price target on Bank of Hawaii from $50.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. DA Davidson raised their target price on Bank of Hawaii from $65.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $67.00 to $74.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Finally, Piper Sandler raised their target price on Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $64.80.

Bank of Hawaii Price Performance

Shares of BOH stock traded up $0.23 during mid-day trading on Monday, hitting $80.51. 864,343 shares of the stock traded hands, compared to its average volume of 324,001. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 5.27 and a beta of 1.03. The company's 50-day simple moving average is $69.50 and its 200-day simple moving average is $64.40. 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 (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The company had revenue of $265.76 million for the quarter, compared to analysts' expectations of $160.29 million. During the same period last year, the firm earned $1.17 EPS. As a group, equities research analysts expect that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii's dividend payout ratio (DPR) is presently 84.08%.

Insider Activity

In other news, insider Matthew Emerson sold 1,355 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction 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 $991,327.59. This trade represents a 8.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.47% of the stock is owned by 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.