Intech Investment Management LLC Buys 4,780 Shares of Bank of Hawaii Co. (NYSE:BOH)

Intech Investment Management LLC lifted its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,581 shares of the bank's stock after buying an additional 4,780 shares during the period. Intech Investment Management LLC's holdings in Bank of Hawaii were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in Bank of Hawaii by 5.0% in the third quarter. State Street Corp now owns 2,244,649 shares of the bank's stock valued at $140,897,000 after acquiring an additional 106,717 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Bank of Hawaii by 4.0% in 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 period. Geode Capital Management LLC boosted its holdings in shares of Bank of Hawaii by 1.2% in the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank's stock worth $57,025,000 after buying an additional 10,357 shares during the last quarter. Principal Financial Group Inc. grew its position in Bank of Hawaii by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank's stock valued at $13,729,000 after buying an additional 5,451 shares during the period. Finally, Congress Asset Management Co. increased its holdings in Bank of Hawaii by 108.6% during the fourth quarter. Congress Asset Management Co. now owns 127,500 shares of the bank's stock valued at $9,083,000 after buying an additional 66,366 shares during the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

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Bank of Hawaii Price Performance

Shares of NYSE BOH traded down $0.41 during midday trading on Tuesday, reaching $69.80. 337,824 shares of the stock traded hands, compared to its average volume of 329,721. The company's 50 day moving average is $71.41 and its 200 day moving average is $70.83. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The stock has a market capitalization of $2.78 billion, a PE ratio of 20.17 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.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued 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 anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given 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 4.01%. Bank of Hawaii's dividend payout ratio (DPR) is presently 80.92%.

Insider Activity

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the business'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 transaction, the insider now owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the firm's 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 of the company's stock, valued at $688,708.84. This trade represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.11% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BOH shares. Barclays lifted their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Stephens initiated coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 target price for the company. DA Davidson lifted their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Finally, Piper Sandler increased their price objective on shares of 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of "Hold" and an average target price of $73.00.

Bank of Hawaii Company 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.