Quantbot Technologies LP Sells 15,174 Shares of Bank of Hawaii Co. (NYSE:BOH)

Quantbot Technologies LP decreased its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 75.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,959 shares of the bank's stock after selling 15,174 shares during the quarter. Quantbot Technologies LP's holdings in Bank of Hawaii were worth $353,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Bank of Hawaii during the 4th quarter valued at about $50,000. Smartleaf Asset Management LLC boosted its stake in Bank of Hawaii by 204.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock valued at $110,000 after buying an additional 1,037 shares during the last quarter. KBC Group NV grew its holdings 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 buying an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in Bank of Hawaii by 29.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank's stock worth $150,000 after acquiring an additional 536 shares during the last quarter. Finally, Xponance Inc. bought a new stake in Bank of Hawaii in the 4th quarter worth approximately $201,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

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 dated Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the transaction, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. This represents a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at $688,708.84. This represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BOH shares. Piper Sandler increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. 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 boosted their target price 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. Finally, DA Davidson upped their target price 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. 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 company's stock. According to data from MarketBeat, Bank of Hawaii currently has a consensus rating of "Hold" and an average price target of $73.00.

Bank of Hawaii Trading Up 1.4 %

Shares of Bank of Hawaii stock traded up $0.98 during trading on Wednesday, hitting $69.45. The stock had a trading volume of 244,850 shares, compared to its average volume of 348,899. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm's fifty day simple moving average is $71.19 and its 200-day simple moving average is $71.03. The stock has a market cap of $2.76 billion, a PE ratio of 20.07 and a beta of 1.01.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced 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 net margin of 14.47% and a return on equity of 11.81%. As a group, sell-side analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.70 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 4.03%. Bank of Hawaii's payout ratio is 80.92%.

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.