Mirae Asset Global Investments Co. Ltd. Acquires 4,552 Shares of Bank of Hawaii Co. (NYSE:BOH)

Mirae Asset Global Investments Co. Ltd. increased its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,757 shares of the bank's stock after purchasing an additional 4,552 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Bank of Hawaii worth $2,024,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BOH. KBC Group NV boosted its stake in Bank of Hawaii by 70.9% in the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $139,000 after buying an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Bank of Hawaii by 29.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank's stock worth $150,000 after buying an additional 536 shares in the last quarter. UMB Bank n.a. boosted its stake in Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank's stock worth $169,000 after buying an additional 2,644 shares in the last quarter. Trust Point Inc. purchased a new stake in Bank of Hawaii in the fourth quarter worth approximately $204,000. Finally, Sippican Capital Advisors purchased a new stake in Bank of Hawaii in the fourth quarter worth approximately $215,000. 82.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Taryn L. Salmon sold 449 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief accounting officer now owns 9,173 shares of the company's stock, valued at $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.11% of the stock is owned by corporate insiders.

Bank of Hawaii Trading Up 0.3 %

BOH stock traded up $0.25 on Friday, reaching $72.91. The company's stock had a trading volume of 199,854 shares, compared to its average volume of 395,155. The business has a fifty day simple moving average of $72.15 and a two-hundred day simple moving average of $69.97. Bank of Hawaii Co. has a 12-month low of $54.50 and a 12-month high of $82.70. The firm has a market cap of $2.90 billion, a PE ratio of 21.07 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The bank reported $0.85 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, research analysts forecast that Bank of Hawaii Co. will post 3.94 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 3.84%. Bank of Hawaii's dividend payout ratio (DPR) is 80.92%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BOH shares. Stephens started coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 target price for the company. DA Davidson upped 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. Barclays upped their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. Piper Sandler increased their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of "Hold" and a consensus target price of $73.00.

Bank of Hawaii Company 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.