Citigroup Inc. Grows Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Citigroup Inc. grew its holdings in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,486 shares of the bank's stock after purchasing an additional 8,207 shares during the quarter. Citigroup Inc. owned approximately 0.22% of Bank of Hawaii worth $5,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BOH. Charles Schwab Investment Management Inc. grew its stake in Bank of Hawaii by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank's stock valued at $94,872,000 after acquiring an additional 35,187 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Bank of Hawaii during the 3rd quarter worth approximately $615,000. Quest Partners LLC purchased a new stake in shares of Bank of Hawaii in the third quarter valued at approximately $1,823,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Bank of Hawaii by 43.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,309 shares of the bank's stock valued at $522,000 after purchasing an additional 2,500 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Bank of Hawaii by 284.3% during the third quarter. GSA Capital Partners LLP now owns 20,885 shares of the bank's stock worth $1,311,000 after buying an additional 15,450 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 13,717 shares of the company's stock, valued at $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.47% of the stock is owned by insiders.

Bank of Hawaii Stock Down 0.4 %

BOH stock traded down $0.31 during mid-day trading on Monday, reaching $78.67. The company had a trading volume of 255,872 shares, compared to its average volume of 322,552. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 5.19 and a beta of 1.03. 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 firm has a fifty day simple moving average of $70.69 and a 200 day simple moving average of $64.96.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $1.17 earnings per share. Analysts forecast that Bank of Hawaii Co. will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

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 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii's dividend payout ratio (DPR) is presently 84.08%.

Analysts Set New Price Targets

A number of analysts have issued reports on BOH shares. Stephens started coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 target price for the company. Keefe, Bruyette & Woods lifted 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 note on Tuesday, October 29th. Barclays increased their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Piper Sandler upped their price objective on Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Finally, DA Davidson increased their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Bank of Hawaii presently has an average rating of "Hold" and a consensus target price of $69.00.

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.