Renaissance Technologies LLC Sells 13,700 Shares of Bank of Hawaii Co. (NYSE:BOH)

Renaissance Technologies LLC lowered its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,400 shares of the bank's stock after selling 13,700 shares during the quarter. Renaissance Technologies LLC owned about 0.15% of Bank of Hawaii worth $4,374,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of Montreal Can boosted its holdings in shares of Bank of Hawaii by 5.9% in the 4th quarter. Bank of Montreal Can now owns 4,592 shares of the bank's stock valued at $327,000 after purchasing an additional 254 shares during the last quarter. Cerity Partners LLC increased its stake in Bank of Hawaii by 9.6% during the fourth quarter. Cerity Partners LLC now owns 16,860 shares of the bank's stock worth $1,188,000 after acquiring an additional 1,480 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Bank of Hawaii by 0.7% in the 4th quarter. Wells Fargo & Company MN now owns 187,575 shares of the bank's stock worth $13,363,000 after purchasing an additional 1,219 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Bank of Hawaii during the 4th quarter worth about $4,798,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Bank of Hawaii during the 4th quarter worth approximately $277,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Down 0.4 %

Shares of NYSE BOH traded down $0.24 during mid-day trading on Thursday, reaching $66.33. The company had a trading volume of 571,559 shares, compared to its average volume of 367,507. The stock has a market capitalization of $2.64 billion, a PE ratio of 19.17 and a beta of 0.87. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. 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 stock's 50 day moving average is $67.51 and its 200-day moving average is $70.88.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million for the quarter, compared to analyst estimates of $168.65 million. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. During the same period in the prior year, the company posted $0.87 EPS. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. Bank of Hawaii's dividend payout ratio (DPR) is presently 80.92%.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the company's 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 transaction, the chief accounting officer now directly owns 9,173 shares in the company, valued at $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 9,880 shares of the company's stock, valued at approximately $740,703.60. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BOH shares. DA Davidson lifted 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 note on Tuesday, January 28th. Piper Sandler increased 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, Barclays upped their price target on Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a report on Tuesday. Three equities 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 stock. Based on data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of "Hold" and a consensus target price of $73.17.

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.