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

Intech Investment Management LLC boosted its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 48.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth $50,000. Smartleaf Asset Management LLC raised its stake in shares of Bank of Hawaii by 204.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock valued at $110,000 after purchasing an additional 1,037 shares during the period. KBC Group NV lifted its holdings in shares of Bank of Hawaii by 70.9% in the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after purchasing an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of 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 worth $150,000 after buying an additional 536 shares during the period. Finally, Choreo LLC bought a new position in shares of Bank of Hawaii during the fourth quarter worth about $205,000. Institutional investors own 82.18% of the company's stock.

Bank of Hawaii Stock Performance

Shares of NYSE BOH traded up $0.46 during trading hours on Wednesday, reaching $70.19. 423,876 shares of the stock were exchanged, compared to its average volume of 330,066. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 20.29 and a beta of 1.01. The stock's fifty day simple moving average is $71.41 and its 200 day simple moving average is $70.83. 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 Co. has a 52 week low of $54.50 and a 52 week high of $82.70.

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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 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%. Sell-side analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Friday, February 28th. Bank of Hawaii's dividend payout ratio (DPR) is currently 80.92%.

Insider Buying and Selling

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the stock in a transaction dated 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 represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the business's 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 completion of the transaction, the chief accounting officer now owns 9,173 shares of the company's stock, valued at $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods boosted their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler boosted their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. DA Davidson upped their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Stephens started 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 on the stock. Finally, Barclays lifted their price target on Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $73.00.

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.