Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC raised its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 563,259 shares of the bank's stock after purchasing an additional 48,999 shares during the period. Bank of Hawaii accounts for 2.3% of Cramer Rosenthal Mcglynn LLC's portfolio, making the stock its 4th largest position. Cramer Rosenthal Mcglynn LLC owned about 1.42% of Bank of Hawaii worth $40,127,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BOH. Perigon Wealth Management LLC raised its stake in shares of Bank of Hawaii by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank's stock valued at $1,168,000 after acquiring an additional 154 shares during the period. Mariner LLC increased its holdings in Bank of Hawaii by 1.7% in the 4th quarter. Mariner LLC now owns 9,076 shares of the bank's stock valued at $647,000 after purchasing an additional 154 shares in the last quarter. Bank of Montreal Can raised its position in Bank of Hawaii by 5.9% in the fourth quarter. Bank of Montreal Can now owns 4,592 shares of the bank's stock valued at $327,000 after purchasing an additional 254 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Bank of Hawaii by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,089 shares of the bank's stock worth $291,000 after purchasing an additional 260 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Bank of Hawaii by 1.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank's stock worth $1,572,000 after buying an additional 324 shares during the period. Hedge funds and other institutional investors own 82.18% of the company's stock.

Analysts Set New Price Targets

BOH has been the topic of a number of recent research reports. Barclays boosted their target price on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday. DA Davidson boosted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Finally, Piper Sandler lifted 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $73.17.

Insider Buying and Selling

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 9,880 shares of the company's stock, valued at $740,703.60. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. 2.07% of the stock is owned by company insiders.

Bank of Hawaii Stock Up 0.8 %

Bank of Hawaii stock traded up $0.51 during midday trading on Wednesday, hitting $67.32. The stock had a trading volume of 153,176 shares, compared to its average volume of 365,301. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average price of $67.64 and a 200 day moving average price of $70.91. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The stock has a market cap of $2.68 billion, a P/E ratio of 19.46 and a beta of 0.87.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $169.87 million for the quarter, compared to analyst estimates of $168.65 million. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. During the same period in the prior year, the company posted $0.87 EPS. Research analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii's dividend 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.