Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in Bank of Hawaii Co. (NYSE:BOH) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,994 shares of the bank’s stock after selling 337 shares during the period. Rhumbline Advisers’ holdings in Bank of Hawaii were worth $8,406,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BOH. Perigon Wealth Management LLC lifted its position in shares of Bank of Hawaii by 0.9% during the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after acquiring an additional 154 shares during the period. Glenmede Trust Co. NA increased its stake in Bank of Hawaii by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock valued at $396,000 after purchasing an additional 182 shares in the last quarter. Cadinha & Co. LLC raised its holdings in Bank of Hawaii by 12.2% during the fourth quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock worth $277,000 after purchasing an additional 423 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in 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 purchasing an additional 536 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Bank of Hawaii by 1.2% in the third quarter. Stifel Financial Corp now owns 68,757 shares of the bank’s stock valued at $4,316,000 after purchasing an additional 788 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Down 1.0 %

Shares of NYSE BOH opened at $70.17 on Tuesday. The firm has a market cap of $2.79 billion, a P/E ratio of 20.28 and a beta of 1.04. 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 1 year low of $54.50 and a 1 year high of $82.70. The firm’s 50 day moving average price is $71.83 and its 200 day moving average price is $70.28.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, February 28th. Bank of Hawaii’s dividend payout ratio (DPR) is 80.92%.

Insider Activity

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $33,661.53. Following the sale, the insider now owns 9,880 shares of the company’s stock, valued at $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BOH. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens assumed coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target on the stock. Piper Sandler raised their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. DA Davidson upped their target price 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. Finally, Barclays raised their price target on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Bank of Hawaii has an average rating of “Hold” and a consensus price target 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.