Commonwealth Equity Services LLC Has $290,000 Stake in Bank of Hawaii Co. (NYSE:BOH)

Commonwealth Equity Services LLC lowered its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 78.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,066 shares of the bank's stock after selling 14,961 shares during the period. Commonwealth Equity Services LLC's holdings in Bank of Hawaii were worth $290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its holdings in Bank of Hawaii by 0.8% in the 4th quarter. Swiss National Bank now owns 78,137 shares of the bank's stock valued at $5,566,000 after buying an additional 600 shares during the period. HighTower Advisors LLC lifted its stake in Bank of Hawaii by 5.8% during the fourth quarter. HighTower Advisors LLC now owns 25,024 shares of the bank's stock worth $1,783,000 after purchasing an additional 1,369 shares during the period. AlphaQuest LLC boosted its holdings in Bank of Hawaii by 24.2% during the fourth quarter. AlphaQuest LLC now owns 36,076 shares of the bank's stock valued at $2,570,000 after purchasing an additional 7,039 shares in the last quarter. Amundi grew its stake in shares of Bank of Hawaii by 187.0% in the 4th quarter. Amundi now owns 20,076 shares of the bank's stock valued at $1,392,000 after purchasing an additional 13,082 shares during the period. Finally, Marble Harbor Investment Counsel LLC lifted its position in shares of Bank of Hawaii by 8.0% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 89,304 shares of the bank's stock worth $6,362,000 after buying an additional 6,610 shares during the period. Institutional investors own 82.18% of the company's stock.

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Insiders Place Their Bets

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the transaction, the chief accounting officer now owns 9,173 shares in the company, valued at approximately $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the transaction, the insider now owns 9,880 shares of the company's stock, valued at approximately $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BOH shares. DA Davidson increased their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Piper Sandler increased their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Finally, Barclays reduced their price target on shares of Bank of Hawaii from $66.00 to $64.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $72.67.

Bank of Hawaii Price Performance

BOH traded up $0.97 during midday trading on Friday, hitting $61.39. The company had a trading volume of 505,082 shares, compared to its average volume of 363,233. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The company has a market capitalization of $2.44 billion, a PE ratio of 17.74 and a beta of 0.87. 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's 50-day simple moving average is $69.02 and its 200-day simple moving average is $70.88.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Equities research analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.56%. The ex-dividend date was Friday, February 28th. Bank of Hawaii's payout ratio is presently 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.