First Trust Advisors LP Decreases Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

First Trust Advisors LP lessened its stake in Bank of Hawaii Co. (NYSE:BOH) by 10.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,773 shares of the bank’s stock after selling 2,975 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of Bank of Hawaii worth $1,907,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Cramer Rosenthal Mcglynn LLC lifted its stake in Bank of Hawaii by 9.5% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 563,259 shares of the bank’s stock valued at $40,127,000 after buying an additional 48,999 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Bank of Hawaii by 2.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 44,276 shares of the bank’s stock worth $3,152,000 after acquiring an additional 867 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Bank of Hawaii in the 4th quarter valued at $2,679,000. Mariner LLC lifted its holdings in Bank of Hawaii by 1.7% in the 4th quarter. Mariner LLC now owns 9,076 shares of the bank’s stock valued at $647,000 after purchasing an additional 154 shares in the last quarter. Finally, Barclays PLC boosted its stake in Bank of Hawaii by 49.6% during the 4th quarter. Barclays PLC now owns 139,857 shares of the bank’s stock worth $9,964,000 after purchasing an additional 46,353 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total transaction of $109,279.80. Following the sale, the insider now directly owns 6,442 shares in the company, valued at $426,138.30. This represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 22nd. DA Davidson upped their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, Piper Sandler lifted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bank of Hawaii has an average rating of “Hold” and a consensus target price of $73.17.

Bank of Hawaii Trading Down 0.0 %

NYSE BOH opened at $68.32 on Tuesday. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The stock has a market capitalization of $2.71 billion, a P/E ratio of 19.74 and a beta of 0.76. The firm’s 50-day moving average is $66.71 and its two-hundred day moving average is $71.02. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The company had revenue of $169.87 million for the quarter, compared to analyst estimates of $168.65 million. During the same quarter in the previous year, the company earned $0.87 earnings per share. On average, 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

About Bank of Hawaii

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.