Proficio Capital Partners LLC Makes New $736,000 Investment in Bank of Hawaii Co. (NYSE:BOH)

Proficio Capital Partners LLC bought a new stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,330 shares of the bank's stock, valued at approximately $736,000.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bank of Hawaii by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock valued at $111,955,000 after purchasing an additional 60,092 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Bank of Hawaii during the 4th quarter valued at about $50,000. Jones Financial Companies Lllp raised its stake in Bank of Hawaii by 211.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,975 shares of the bank's stock valued at $212,000 after buying an additional 2,019 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in 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 in the last quarter. Finally, US Bancorp DE grew its stake in shares of Bank of Hawaii by 23.7% during the fourth quarter. US Bancorp DE now owns 5,814 shares of the bank's stock worth $414,000 after acquiring an additional 1,114 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

NYSE BOH traded up $0.46 on Wednesday, reaching $70.19. 423,876 shares of the company's stock traded hands, compared to its average volume of 330,066. The stock has a 50 day moving average price of $71.41 and a 200-day moving average price of $70.83. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 20.29 and a beta of 1.01. 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 Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70.

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Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its 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%. Equities research analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.99%. Bank of Hawaii's payout ratio is 80.92%.

Insider Activity

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction dated 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 owns 9,880 shares of the company's stock, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BOH shares. 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. Barclays raised their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Piper Sandler boosted their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. Stephens began 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. Finally, DA Davidson boosted their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research note 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, Bank of Hawaii presently 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.