Fmr LLC Boosts Position in Bank of Hawaii Co. (NYSE:BOH)

FMR LLC boosted its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 351.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,309 shares of the bank's stock after buying an additional 28,271 shares during the quarter. FMR LLC owned approximately 0.09% of Bank of Hawaii worth $2,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BOH. Louisiana State Employees Retirement System lifted its stake in Bank of Hawaii by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank's stock worth $1,144,000 after acquiring an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bank of Hawaii by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,224 shares of the bank's stock valued at $528,000 after purchasing an additional 1,408 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Bank of Hawaii during the second quarter valued at about $172,000. Natixis Advisors LLC raised its stake in Bank of Hawaii by 0.5% in the second quarter. Natixis Advisors LLC now owns 295,878 shares of the bank's stock worth $16,927,000 after buying an additional 1,522 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Bank of Hawaii by 13.1% in the second quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank's stock worth $93,533,000 after buying an additional 189,878 shares during the period. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on BOH shares. Barclays increased 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 assumed coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price objective for the company. Piper Sandler boosted their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. DA Davidson increased their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $71.83.

Insider Transactions at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the firm's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the sale, the insider now owns 13,717 shares of the company's stock, valued at $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.11% of the company's stock.

Bank of Hawaii Stock Down 0.8 %

Shares of NYSE:BOH traded down $0.63 on Friday, hitting $74.08. 320,740 shares of the company traded hands, compared to its average volume of 287,073. The company has a market cap of $2.94 billion, a PE ratio of 22.25, a PEG ratio of 4.86 and a beta of 1.03. The stock has a 50 day simple moving average of $73.41 and a 200-day simple moving average of $66.26. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same quarter in the prior year, the firm posted $1.17 earnings per share. As a group, research analysts expect that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Friday, November 29th. Bank of Hawaii's payout ratio is 84.08%.

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.