Monument Capital Management Takes $270,000 Position in Bank of Hawaii Co. (NYSE:BOH)

Monument Capital Management purchased a new stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,792 shares of the bank's stock, valued at approximately $270,000.

Several other hedge funds have also modified their holdings of BOH. KBC Group NV lifted its position in shares of Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after buying an additional 812 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Bank of Hawaii by 29.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank's stock valued at $150,000 after buying an additional 536 shares during the last quarter. Trust Point Inc. purchased a new stake in shares of Bank of Hawaii during the fourth quarter valued at about $204,000. Choreo LLC purchased a new stake in shares of Bank of Hawaii during the fourth quarter valued at about $205,000. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Bank of Hawaii during the third quarter valued at about $207,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Performance

NYSE:BOH traded up $0.20 during midday trading on Wednesday, hitting $73.74. The company's stock had a trading volume of 93,992 shares, compared to its average volume of 381,302. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The firm's 50 day moving average is $72.05 and its 200-day moving average is $70.10. 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 firm has a market cap of $2.93 billion, a P/E ratio of 21.31 and a beta of 1.04.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Equities analysts anticipate that Bank of Hawaii Co. will post 3.94 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.80%. Bank of Hawaii's dividend payout ratio (DPR) is 80.92%.

Analyst Ratings Changes

Several research firms have commented on BOH. Barclays increased their price target 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. DA Davidson increased their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Stephens initiated coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price objective for the company. Piper Sandler increased their price objective 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. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a "market perform" rating in a research report 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $73.00.

Insider Activity

In other news, insider Taryn L. Salmon sold 449 shares of the 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 transaction, the insider now owns 9,880 shares in the company, valued at $740,703.60. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction that occurred 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 in the company, valued at $688,708.84. This trade represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.47% of the company's stock.

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.