Canada Pension Plan Investment Board Invests $2.68 Million in Bank of Hawaii Co. (NYSE:BOH)

Canada Pension Plan Investment Board acquired a new stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 37,600 shares of the bank's stock, valued at approximately $2,679,000. Canada Pension Plan Investment Board owned approximately 0.09% of Bank of Hawaii at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BOH. SBI Securities Co. Ltd. purchased a new stake in Bank of Hawaii during the fourth quarter worth approximately $50,000. Headlands Technologies LLC boosted its position in Bank of Hawaii by 285.8% during the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock worth $68,000 after purchasing an additional 703 shares during the period. CoreFirst Bank & Trust acquired a new stake in Bank of Hawaii in the 4th quarter valued at $70,000. Smartleaf Asset Management LLC raised its position in Bank of Hawaii by 204.9% in the fourth 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. Finally, KBC Group NV lifted its stake in shares of Bank of Hawaii by 70.9% during the fourth 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. Institutional investors and hedge funds own 82.18% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BOH. DA Davidson increased their target price on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Piper Sandler increased their price objective 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. Finally, Barclays boosted their target price on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $73.17.

Insider Activity at Bank of Hawaii

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the sale, the chief accounting officer now owns 9,173 shares in the company, valued at $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.

Bank of Hawaii Stock Down 0.7 %

BOH stock traded down $0.44 during midday trading on Friday, hitting $65.90. 314,947 shares of the company's stock were exchanged, compared to its average volume of 368,116. The firm has a 50 day moving average price of $67.23 and a 200-day moving average price of $70.93. Bank of Hawaii Co. has a 12-month low of $54.50 and a 12-month high of $82.70. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 19.05 and a beta of 0.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. The business had revenue of $169.87 million during the quarter, compared to analyst estimates of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.25%. Bank of Hawaii's dividend payout ratio (DPR) is 78.65%.

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.