Summit Investment Advisors Inc. Buys 260 Shares of Bank of Hawaii Co. (NYSE:BOH)

Summit Investment Advisors Inc. increased its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 6.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,089 shares of the bank’s stock after purchasing an additional 260 shares during the period. Summit Investment Advisors Inc.’s holdings in Bank of Hawaii were worth $291,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Perigon Wealth Management LLC lifted its stake in Bank of Hawaii by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock worth $1,168,000 after purchasing an additional 154 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Bank of Hawaii by 5.9% in the fourth quarter. Bank of Montreal Can now owns 4,592 shares of the bank’s stock worth $327,000 after buying an additional 254 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Bank of Hawaii by 1.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank’s stock valued at $1,572,000 after buying an additional 324 shares during the last quarter. Cadinha & Co. LLC grew its holdings in Bank of Hawaii by 12.2% during the 4th quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock valued at $277,000 after buying an additional 423 shares in the last quarter. Finally, Swiss National Bank increased its stake in Bank of Hawaii by 0.8% in the 4th quarter. Swiss National Bank now owns 78,137 shares of the bank’s stock worth $5,566,000 after acquiring an additional 600 shares during the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bank of Hawaii

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 of the company’s stock, valued at $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii 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 sale, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BOH. 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 report on Tuesday, January 28th. DA Davidson lifted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Barclays decreased their target price 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, April 8th. Three investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $72.67.

Bank of Hawaii Trading Up 1.2 %

Shares of BOH opened at $64.99 on Monday. The company’s fifty day simple moving average is $67.92 and its 200-day simple moving average is $70.94. The company has a market cap of $2.59 billion, a P/E ratio of 18.78 and a beta of 0.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70.

Bank of Hawaii (NYSE:BOH) last announced 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, analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii’s dividend payout ratio is currently 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.