Marble Harbor Investment Counsel LLC Raises Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Marble Harbor Investment Counsel LLC grew its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,304 shares of the bank's stock after acquiring an additional 6,610 shares during the quarter. Marble Harbor Investment Counsel LLC owned about 0.22% of Bank of Hawaii worth $6,362,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vestmark Advisory Solutions Inc. grew its holdings in shares of Bank of Hawaii by 65.5% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 7,797 shares of the bank's stock valued at $555,000 after purchasing an additional 3,087 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Bank of Hawaii in the 4th quarter valued at approximately $900,000. Aigen Investment Management LP acquired a new stake in shares of Bank of Hawaii during the 4th quarter worth approximately $234,000. Proficio Capital Partners LLC purchased a new stake in shares of Bank of Hawaii during the 4th quarter valued at approximately $736,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock valued at $111,955,000 after buying an additional 60,092 shares during the period. Hedge funds and other institutional investors own 82.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. DA Davidson raised their target price 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. Piper Sandler raised their price objective 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. Barclays upped their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Stephens initiated coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an "overweight" rating and a $90.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $73.00.

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Insider Buying and Selling

In other 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 value 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. This trade represents a 17.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following 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. 2.11% of the stock is currently owned by insiders.

Bank of Hawaii Trading Down 1.4 %

NYSE:BOH traded down $0.98 on Tuesday, reaching $67.55. 560,833 shares of the company's stock were exchanged, compared to its average volume of 318,187. The business has a fifty day moving average of $71.74 and a 200-day moving average of $70.69. 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 Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 19.52 and a beta of 1.00.

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

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 4.15%. Bank of Hawaii's dividend payout ratio (DPR) 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.