Natixis Advisors LLC Reduces Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Natixis Advisors LLC trimmed its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,761 shares of the bank's stock after selling 4,362 shares during the period. Natixis Advisors LLC owned approximately 0.72% of Bank of Hawaii worth $20,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Bank of Hawaii during the 4th quarter valued at $50,000. Smartleaf Asset Management LLC grew its holdings in shares of Bank of Hawaii by 204.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock worth $110,000 after acquiring an additional 1,037 shares during the period. KBC Group NV increased its position in 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 acquiring an additional 812 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position 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 purchasing an additional 536 shares during the last quarter. Finally, Trust Point Inc. bought a new stake in shares of Bank of Hawaii during the 4th quarter valued at about $204,000. Institutional investors own 82.18% of the company's stock.

Bank of Hawaii Price Performance

Shares of BOH traded down $0.02 during trading hours on Friday, reaching $68.25. 2,841,539 shares of the stock traded hands, compared to its average volume of 330,259. The company has a market cap of $2.72 billion, a P/E ratio of 19.72 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The company's 50-day moving average price is $71.37 and its two-hundred day moving average price is $70.67. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70.

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Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share 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%. On average, analysts anticipate 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii's dividend payout ratio (DPR) is presently 80.92%.

Analyst Upgrades and Downgrades

BOH has been the topic of several recent research reports. Keefe, Bruyette & Woods increased 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 research note on Wednesday, December 4th. DA Davidson increased their price target 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. Stephens began 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 objective for the company. Barclays raised their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Finally, Piper Sandler boosted their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $73.00.

Insider Buying and Selling

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the business's stock in a transaction 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 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 position. The sale was disclosed in a document filed 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 dated 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 approximately $688,708.84. The trade was a 17.90 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is owned by company insiders.

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.