Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,381 shares of the bank's stock after selling 5,091 shares during the quarter. Prudential Financial Inc. owned about 0.10% of Bank of Hawaii worth $3,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in Bank of Hawaii in the fourth quarter worth about $50,000. Smartleaf Asset Management LLC grew its position in Bank of Hawaii by 204.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock worth $110,000 after purchasing an additional 1,037 shares during the last quarter. KBC Group NV increased its stake in Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after purchasing an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 worth $150,000 after buying an additional 536 shares during the period. Finally, Xponance Inc. acquired a new position in shares of Bank of Hawaii in the 4th quarter valued at $201,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BOH. 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 research note on Tuesday, January 28th. DA Davidson increased their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of "Hold" and a consensus target price of $73.00.

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Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction on Thursday, January 30th. The shares were 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 directly owns 9,880 shares in the company, valued at approximately $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the 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 in the company, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company's stock.

Bank of Hawaii Stock Performance

NYSE BOH traded down $0.60 during mid-day trading on Monday, reaching $60.90. 699,193 shares of the stock were exchanged, compared to its average volume of 355,318. The company has a market capitalization of $2.42 billion, a P/E ratio of 17.60 and a beta of 0.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The business's 50 day moving average is $70.61 and its 200-day moving average is $71.01. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) 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%. On average, equities research analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii's dividend payout ratio (DPR) is presently 80.92%.

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.