Raymond James Financial Inc. Makes New $900,000 Investment in Bank of Hawaii Co. (NYSE:BOH)

Raymond James Financial Inc. purchased a new position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,636 shares of the bank's stock, valued at approximately $900,000.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Bank of Hawaii in the fourth quarter worth $50,000. Smartleaf Asset Management LLC increased its stake in Bank of Hawaii by 204.9% in the 4th 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 lifted its position in Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $139,000 after buying an additional 812 shares in the last quarter. Trust Point Inc. acquired a new position in shares of Bank of Hawaii during the 4th quarter worth about $204,000. Finally, Choreo LLC bought a new position in shares of Bank of Hawaii in the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 82.18% of the company's stock.

Bank of Hawaii Stock Performance

Shares of BOH stock traded up $3.13 during trading on Wednesday, reaching $63.15. 832,695 shares of the company's stock were exchanged, compared to its average volume of 360,150. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The firm's fifty day moving average price is $69.55 and its 200-day moving average price is $70.84. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.51 billion, a PE ratio of 18.25 and a beta of 0.87.

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Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 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 anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 4.43%. Bank of Hawaii's dividend payout ratio is currently 80.92%.

Insiders Place Their Bets

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total value 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. This represents a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii 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 sale, the insider now owns 9,880 shares of the company's stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.07% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BOH. DA Davidson upped their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Piper Sandler raised their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Finally, Barclays dropped their price target on shares of Bank of Hawaii from $66.00 to $64.00 and set an "underweight" rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $72.67.

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.