Bank of Hawaii Co. (NYSE:BOH) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. lifted its holdings in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 108.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,500 shares of the bank's stock after buying an additional 66,366 shares during the quarter. Congress Asset Management Co. owned 0.32% of Bank of Hawaii worth $9,083,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Choreo LLC purchased a new stake in shares of Bank of Hawaii in the fourth quarter valued at approximately $205,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Bank of Hawaii by 18.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,757 shares of the bank's stock valued at $2,024,000 after buying an additional 4,552 shares in the last quarter. Trust Point Inc. purchased a new stake in shares of Bank of Hawaii in the fourth quarter valued at approximately $204,000. Sippican Capital Advisors purchased a new stake in shares of Bank of Hawaii in the fourth quarter valued at approximately $215,000. Finally, Perigon Wealth Management LLC boosted its stake in shares of Bank of Hawaii by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank's stock valued at $1,168,000 after buying an additional 154 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BOH. 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 research report on Wednesday, December 4th. DA Davidson boosted their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Barclays boosted their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. Stephens began coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an "overweight" rating and a $90.00 target price on the stock. Finally, Piper Sandler boosted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $73.00.

Bank of Hawaii Price Performance

Shares of NYSE BOH traded down $0.29 during trading on Wednesday, reaching $73.26. The company had a trading volume of 262,614 shares, compared to its average volume of 386,234. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The stock has a market capitalization of $2.91 billion, a PE ratio of 21.17 and a beta of 1.04. The stock has a 50-day moving average price of $72.01 and a two-hundred day moving average price of $70.12. 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 released its quarterly 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%. As a group, sell-side analysts predict that Bank of Hawaii Co. will post 3.94 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.82%. Bank of Hawaii's dividend payout ratio (DPR) is 80.92%.

Insider Transactions at Bank of Hawaii

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the completion of the transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction 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 $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. Insiders own 2.47% of the company's stock.

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.