Amundi Purchases 13,082 Shares of Bank of Hawaii Co. (NYSE:BOH)

Amundi lifted its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 187.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,076 shares of the bank's stock after purchasing an additional 13,082 shares during the quarter. Amundi owned about 0.05% of Bank of Hawaii worth $1,392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Bank of Hawaii during the 4th quarter worth about $50,000. Smartleaf Asset Management LLC boosted its position in shares of Bank of Hawaii by 204.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock worth $110,000 after purchasing an additional 1,037 shares in the last quarter. KBC Group NV boosted its position in shares of Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $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 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank's stock worth $150,000 after purchasing an additional 536 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of Bank of Hawaii during the 4th quarter worth about $205,000. Institutional investors own 82.18% of the company's stock.

Insider Transactions at Bank of Hawaii

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the firm'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 sale, the chief accounting officer now owns 9,173 shares in the company, valued at $688,708.84. This trade represents a 17.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the firm's 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 sale, the insider now owns 9,880 shares of the company's stock, valued at approximately $740,703.60. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by company insiders.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BOH shares. Piper Sandler raised their price target on shares of 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 started coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods raised their price target on shares of 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. DA Davidson raised their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Finally, Barclays raised 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 report on Thursday, December 5th. Three equities research 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $73.00.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock traded down $0.02 during mid-day trading on Friday, hitting $68.25. 2,866,539 shares of the stock were exchanged, compared to its average volume of 327,651. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a 50-day simple moving average of $71.39 and a 200 day simple moving average of $70.69. 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 company has a market capitalization of $2.72 billion, a P/E ratio of 19.72 and a beta of 1.01.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate 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 anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 4.10%. Bank of Hawaii's payout ratio is currently 80.92%.

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.