Bank of Hawaii Co. (NYSE:BOH) Stock Holdings Increased by Barclays PLC

Barclays PLC grew its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 91.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,504 shares of the bank's stock after purchasing an additional 44,599 shares during the quarter. Barclays PLC owned approximately 0.24% of Bank of Hawaii worth $5,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in Bank of Hawaii by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank's stock valued at $93,533,000 after purchasing an additional 189,878 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Bank of Hawaii during the third quarter valued at approximately $70,960,000. State Street Corp boosted its position in shares of Bank of Hawaii by 5.0% during the third quarter. State Street Corp now owns 2,244,649 shares of the bank's stock worth $140,897,000 after buying an additional 106,717 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Bank of Hawaii by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock worth $45,167,000 after buying an additional 98,465 shares during the period. Finally, American Century Companies Inc. grew its holdings in 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 buying an additional 54,078 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on Bank of Hawaii from $61.00 to $66.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Barclays raised their target price 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. DA Davidson upped their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Finally, Stephens assumed coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $71.83.

Insider Activity at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the sale, the insider now owns 13,717 shares in the company, valued at $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.47% of the stock is currently owned by corporate insiders.

Bank of Hawaii Price Performance

Shares of BOH traded up $1.24 during mid-day trading on Friday, hitting $69.45. The company's stock had a trading volume of 922,720 shares, compared to its average volume of 326,111. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a 50-day moving average price of $74.03 and a 200 day moving average price of $66.52. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 4.86 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same quarter in the previous year, the business posted $1.17 earnings per share. On average, research analysts predict that Bank of Hawaii Co. will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Friday, November 29th. Bank of Hawaii's dividend payout ratio is 84.08%.

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.