Proficio Capital Partners LLC acquired a new position in Bank of Hawaii Co. (NYSE:BOH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,330 shares of the bank's stock, valued at approximately $736,000.
A number of other large investors also recently modified their holdings of BOH. Oppenheimer Asset Management Inc. lifted its holdings in shares of Bank of Hawaii by 25.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,400 shares of the bank's stock valued at $741,000 after acquiring an additional 2,091 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in Bank of Hawaii by 1.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank's stock worth $1,572,000 after acquiring an additional 324 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Bank of Hawaii by 19.9% in the 4th quarter. Handelsbanken Fonder AB now owns 9,037 shares of the bank's stock worth $644,000 after acquiring an additional 1,500 shares during the period. Wealth Alliance acquired a new stake in Bank of Hawaii in the fourth quarter valued at approximately $222,000. Finally, Principal Financial Group Inc. grew its position in Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank's stock valued at $13,729,000 after acquiring an additional 5,451 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.
Bank of Hawaii Stock Down 1.1 %
Bank of Hawaii stock traded down $0.75 during midday trading on Wednesday, hitting $66.59. The stock had a trading volume of 262,073 shares, compared to its average volume of 318,213. The business has a fifty day moving average price of $71.74 and a 200 day moving average price of $70.69. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The stock has a market cap of $2.65 billion, a P/E ratio of 19.25 and a beta of 1.00. 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 issued its quarterly earnings results 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 net margin of 14.47% and a return on equity of 11.81%. Research analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current year.
Bank of Hawaii Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given 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 dividend yield of 4.20%. Bank of Hawaii's payout ratio is currently 80.92%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. 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 target price on the stock. DA Davidson upped 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. Barclays raised their target price on Bank of Hawaii from $56.00 to $66.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Piper Sandler boosted their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods raised 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $73.00.
Read Our Latest Research Report on Bank of Hawaii
Insider Activity
In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the sale, the insider now directly owns 9,880 shares of the company's stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the transaction, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.11% of the company's stock.
Bank of Hawaii Company Profile
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Free Report)
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.
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