Congress Asset Management Co. Has $3.84 Million Stake in Bank of Hawaii Co. (NYSE:BOH)

Congress Asset Management Co. grew its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 30.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,134 shares of the bank's stock after acquiring an additional 14,286 shares during the quarter. Congress Asset Management Co. owned about 0.15% of Bank of Hawaii worth $3,837,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its stake in Bank of Hawaii by 299.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 44,694 shares of the bank's stock worth $2,788,000 after purchasing an additional 33,495 shares in the last quarter. SG Americas Securities LLC purchased a new position in Bank of Hawaii during the 1st quarter worth approximately $696,000. TIAA Trust National Association purchased a new stake in Bank of Hawaii in the 1st quarter worth about $2,357,000. Quantbot Technologies LP purchased a new stake in shares of Bank of Hawaii in the first quarter worth approximately $1,664,000. Finally, Swedbank AB lifted its position in Bank of Hawaii by 3.6% in the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank's stock worth $41,477,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the sale, the insider now owns 13,717 shares of the company's stock, valued at approximately $991,327.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.11% of the stock is owned by insiders.

Bank of Hawaii Trading Up 0.2 %

Shares of BOH traded up $0.14 on Friday, reaching $72.37. 308,618 shares of the company's stock were exchanged, compared to its average volume of 357,127. The business has a 50 day moving average price of $65.55 and a two-hundred day moving average price of $62.16. Bank of Hawaii Co. has a 12 month low of $51.07 and a 12 month high of $75.19. The stock has a market capitalization of $2.88 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 7.61 and a beta of 1.02. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period last year, the company earned $1.17 EPS. Research analysts anticipate that Bank of Hawaii Co. will post 3.57 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, October 29th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.87%. Bank of Hawaii's dividend payout ratio is 84.08%.

Analyst Ratings Changes

BOH has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on shares of Bank of Hawaii from $67.00 to $74.00 and gave the stock a "market perform" rating in a report on Tuesday. DA Davidson upped their target price on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday. Piper Sandler lifted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an "underweight" rating in a research report on Tuesday. Finally, Barclays boosted their price target on Bank of Hawaii from $50.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $64.80.

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.