Geode Capital Management LLC Purchases 10,357 Shares of Bank of Hawaii Co. (NYSE:BOH)

Geode Capital Management LLC boosted its holdings in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 908,303 shares of the bank's stock after purchasing an additional 10,357 shares during the period. Geode Capital Management LLC owned about 2.29% of Bank of Hawaii worth $57,025,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BOH. State Street Corp lifted its stake in shares of Bank of Hawaii by 5.0% in the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank's stock worth $140,897,000 after acquiring an additional 106,717 shares during the period. Victory Capital Management Inc. boosted its stake in Bank of Hawaii by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank's stock valued at $93,533,000 after purchasing an additional 189,878 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 35,187 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Bank of Hawaii by 14.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank's stock worth $45,167,000 after buying an additional 98,465 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Bank of Hawaii by 8.7% in the second quarter. American Century Companies Inc. now owns 675,615 shares of the bank's stock valued at $38,652,000 after buying an additional 54,078 shares during the period. Institutional investors and hedge funds own 82.18% of the company's stock.

Bank of Hawaii Price Performance

NYSE BOH traded up $0.30 during trading hours on Monday, reaching $69.75. 319,824 shares of the company's stock were exchanged, compared to its average volume of 326,086. The firm has a fifty day moving average of $74.09 and a 200-day moving average of $66.75. 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 stock has a market cap of $2.77 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 4.86 and a beta of 1.03. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.93 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 firm had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. During the same quarter in the prior year, the firm earned $1.17 EPS. On average, equities research analysts predict that Bank of Hawaii Co. will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.70 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 4.01%. Bank of Hawaii's dividend payout ratio (DPR) is currently 84.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BOH. Stephens initiated 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. Keefe, Bruyette & Woods raised their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. DA Davidson raised their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Piper Sandler boosted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Finally, Barclays increased their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $71.83.

Insider Transactions at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the company's stock in a transaction dated 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 sale, the insider now owns 13,717 shares in the company, valued at approximately $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.11% of the stock is currently owned by corporate insiders.

About Bank of Hawaii

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.