Amundi Has $1.39 Million Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

Amundi raised its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 187.0% during the fourth quarter, Holdings Channel reports. The firm owned 20,076 shares of the bank’s stock after buying an additional 13,082 shares during the period. Amundi’s holdings in Bank of Hawaii were worth $1,392,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in Bank of Hawaii in the 4th quarter valued at $50,000. Smartleaf Asset Management LLC boosted its stake in shares of Bank of Hawaii by 204.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,037 shares in the last quarter. KBC Group NV grew its holdings in shares of Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after purchasing an additional 812 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Bank of Hawaii by 29.0% during the 3rd 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, Trust Point Inc. bought a new position in Bank of Hawaii during the 4th quarter valued at about $204,000. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Down 0.8 %

Shares of BOH opened at $68.25 on Wednesday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 19.73 and a beta of 1.01. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week 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 business’s fifty day moving average price is $71.42 and its two-hundred day moving average price is $70.71.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results 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 net margin of 14.47% and a return on equity of 11.81%. On average, analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 4.10%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BOH. Stephens initiated coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective on the stock. Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Barclays increased their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, DA Davidson lifted their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and an average target price of $73.00.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the transaction, the insider now owns 9,880 shares in the company, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were 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 in the company, valued at $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.11% of the company’s stock.

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.