Bank of Hawaii Co. (NYSE:BOH) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 211.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,975 shares of the bank’s stock after purchasing an additional 2,019 shares during the quarter. Jones Financial Companies Lllp’s holdings in Bank of Hawaii were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 1,037 shares during the period. US Bancorp DE raised its holdings in Bank of Hawaii by 23.7% during the 4th quarter. US Bancorp DE now owns 5,814 shares of the bank’s stock worth $414,000 after buying an additional 1,114 shares during the period. Brueske Advisory Services LLC acquired a new stake in Bank of Hawaii during the 4th quarter worth about $339,000. Proficio Capital Partners LLC acquired a new stake in Bank of Hawaii during the 4th quarter worth about $736,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Bank of Hawaii by 25.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,400 shares of the bank’s stock worth $741,000 after buying an additional 2,091 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BOH. Barclays boosted their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. 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 report on Tuesday, January 28th. Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler upped their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Finally, Stephens began coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Bank of Hawaii currently has an average rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Trading Down 1.0 %

NYSE:BOH opened at $65.86 on Friday. The stock’s 50 day moving average price is $71.65 and its 200 day moving average price is $70.66. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The company has a market capitalization of $2.62 billion, a P/E ratio of 19.03 and a beta of 1.00. 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 (NYSE:BOH) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 4.25%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Insider Buying and Selling

In related news, insider Taryn L. Salmon sold 449 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the transaction, the insider now 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 filing with the SEC, which is accessible through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value 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. The trade was a 17.90 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by corporate insiders.

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.