Charles Schwab Investment Management Inc. Acquires 35,187 Shares of Bank of Hawaii Co. (NYSE:BOH)

Charles Schwab Investment Management Inc. lifted its holdings in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,511,420 shares of the bank's stock after acquiring an additional 35,187 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.80% of Bank of Hawaii worth $94,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Bank of Hawaii during the second quarter valued at approximately $106,000. Point72 DIFC Ltd purchased a new position in shares of Bank of Hawaii in the 2nd quarter worth approximately $119,000. UMB Bank n.a. grew its stake in Bank of Hawaii by 5,508.3% in the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank's stock valued at $169,000 after purchasing an additional 2,644 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Bank of Hawaii during the 2nd quarter worth approximately $172,000. Finally, Crestwood Advisors Group LLC purchased a new position in shares of Bank of Hawaii during the 3rd quarter valued at $207,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BOH. Piper Sandler lifted their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. DA Davidson upped their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Stephens assumed coverage on shares of Bank of Hawaii in a report on Wednesday. They issued an "overweight" rating and a $90.00 target price on the stock. Barclays boosted their price objective on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Bank of Hawaii from $67.00 to $74.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Three 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.00.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares in the company, valued at $991,327.59. The trade was a 8.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.47% of the company's stock.

Bank of Hawaii Stock Performance

Bank of Hawaii stock traded up $1.51 during midday trading on Wednesday, reaching $81.32. 29,721 shares of the company traded hands, compared to its average volume of 322,562. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The business has a 50 day moving average of $69.50 and a two-hundred day moving average of $64.40. 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 market capitalization of $3.23 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 5.29 and a beta of 1.03.

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

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii's dividend payout ratio (DPR) is presently 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.