JPMorgan Chase & Co. Grows Holdings in Bank of Hawaii Co. (NYSE:BOH)

JPMorgan Chase & Co. lifted its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 188.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,094 shares of the bank's stock after buying an additional 163,503 shares during the period. JPMorgan Chase & Co. owned approximately 0.63% of Bank of Hawaii worth $17,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. CoreFirst Bank & Trust acquired a new stake in shares of Bank of Hawaii during the 4th quarter worth $70,000. Advantage Alpha Capital Partners LP increased its holdings in Bank of Hawaii by 12.8% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 8,701 shares of the bank's stock valued at $620,000 after buying an additional 984 shares during the period. Vanguard Group Inc. raised its position in shares of Bank of Hawaii by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock valued at $329,001,000 after buying an additional 31,918 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Bank of Hawaii by 74.3% during the 4th quarter. LPL Financial LLC now owns 17,727 shares of the bank's stock worth $1,263,000 after acquiring an additional 7,554 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Bank of Hawaii during the 4th quarter worth approximately $591,000. Institutional investors and hedge funds own 82.18% of the company's stock.

Analyst Ratings Changes

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

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Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction dated Friday, January 31st. The stock was 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. The trade was a 17.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the firm'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 completion of the transaction, the insider now owns 9,880 shares in the company, 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 currently owned by insiders.

Bank of Hawaii Trading Up 2.0 %

Shares of NYSE:BOH traded up $1.26 during mid-day trading on Tuesday, hitting $63.36. The company had a trading volume of 353,836 shares, compared to its average volume of 363,911. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The firm has a fifty day moving average price of $68.75 and a 200 day moving average price of $70.87. The company has a market capitalization of $2.52 billion, a PE ratio of 18.31 and a beta of 0.87.

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

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii's payout ratio is 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.