Kayne Anderson Rudnick Investment Management LLC trimmed its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,762,689 shares of the bank's stock after selling 125,424 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 4.43% of Bank of Hawaii worth $125,574,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its stake in shares of Bank of Hawaii by 6.5% in the 4th quarter. MetLife Investment Management LLC now owns 23,689 shares of the bank's stock valued at $1,688,000 after purchasing an additional 1,445 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Bank of Hawaii in the fourth quarter valued at approximately $153,000. Dimensional Fund Advisors LP grew its holdings in Bank of Hawaii by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank's stock worth $59,884,000 after acquiring an additional 42,719 shares during the period. Cramer Rosenthal Mcglynn LLC grew its holdings in Bank of Hawaii by 9.5% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 563,259 shares of the bank's stock worth $40,127,000 after acquiring an additional 48,999 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Bank of Hawaii by 2.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 44,276 shares of the bank's stock valued at $3,152,000 after acquiring an additional 867 shares during the last quarter. 82.18% of the stock is owned by institutional investors.
Bank of Hawaii Trading Down 0.4 %
Shares of Bank of Hawaii stock traded down $0.24 during trading hours on Thursday, hitting $66.33. The company's stock had a trading volume of 571,559 shares, compared to its average volume of 367,507. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $2.64 billion, a PE ratio of 19.17 and a beta of 0.87. The stock has a 50 day moving average of $67.51 and a 200 day moving average of $70.88.
Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $169.87 million for the quarter, compared to the consensus estimate of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same period last year, the company posted $0.87 EPS. Analysts predict that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.
Bank of Hawaii Dividend Announcement
The business 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 $0.70 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.22%. Bank of Hawaii's dividend payout ratio is currently 80.92%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on BOH shares. DA Davidson lifted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Barclays boosted their target price on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday. Finally, Piper Sandler increased their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $73.17.
View Our Latest Analysis on BOH
Insider Buying and Selling
In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the firm's stock in a transaction on Friday, January 31st. The shares were 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 owns 9,173 shares of the company's stock, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the completion of the sale, the insider now owns 9,880 shares in the company, 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. Company insiders own 2.07% of the company's stock.
About Bank of Hawaii
(
Free Report)
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.
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