Cibc World Markets Corp Takes Position in Bank of Hawaii Co. (NYSE:BOH)

Cibc World Markets Corp purchased a new stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,657 shares of the bank's stock, valued at approximately $261,000.

Several other large investors have also recently added to or reduced their stakes in BOH. 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 grew 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 raised its holdings in shares of Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $139,000 after buying an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Bank of Hawaii by 29.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank's stock valued at $150,000 after buying an additional 536 shares in the last quarter. Finally, Trust Point Inc. acquired a new stake in Bank of Hawaii in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 82.18% of the company's stock.

Wall Street Analysts Forecast Growth

BOH has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. DA Davidson boosted 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. Barclays raised their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods boosted their target price on Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $73.00.

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Insider Buying and Selling

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction on Friday, January 31st. The stock was 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $33,661.53. Following the completion of the transaction, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.11% of the company's stock.

Bank of Hawaii Price Performance

Shares of NYSE BOH traded down $1.19 during trading on Friday, reaching $68.60. The company had a trading volume of 254,811 shares, compared to its average volume of 348,781. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The business's 50 day moving average price is $71.32 and its 200-day moving average price is $70.91. The stock has a market cap of $2.73 billion, a PE ratio of 19.83 and a beta of 1.01. 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 (NYSE:BOH - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share 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%. Analysts expect that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, February 28th. Bank of Hawaii's dividend payout ratio is 80.92%.

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.