Bank of Hawaii Co. (NYSE:BOH) Shares Sold by InterOcean Capital Group LLC

InterOcean Capital Group LLC decreased its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,373 shares of the bank’s stock after selling 1,474 shares during the quarter. InterOcean Capital Group LLC owned 0.05% of Bank of Hawaii worth $1,476,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BOH. International Assets Investment Management LLC acquired a new position in shares of Bank of Hawaii in the 4th quarter valued at about $8,952,000. Charles Schwab Investment Management Inc. boosted its position in Bank of Hawaii by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,142,123 shares of the bank’s stock worth $82,758,000 after purchasing an additional 24,031 shares in the last quarter. FMR LLC grew its position in Bank of Hawaii by 56.4% during the third quarter. FMR LLC now owns 53,998 shares of the bank’s stock valued at $2,683,000 after buying an additional 19,480 shares during the period. North Reef Capital Management LP purchased a new position in Bank of Hawaii in the third quarter valued at $8,479,000. Finally, Envestnet Asset Management Inc. raised its holdings in Bank of Hawaii by 47.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 147,749 shares of the bank’s stock worth $7,342,000 after purchasing an additional 47,282 shares during the period. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Down 1.0 %

BOH traded down $0.60 on Thursday, hitting $57.64. 16,367 shares of the company were exchanged, compared to its average volume of 311,650. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. The firm has a 50-day moving average price of $59.33 and a two-hundred day moving average price of $62.12. Bank of Hawaii Co. has a twelve month low of $37.14 and a twelve month high of $75.19.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The firm had revenue of $252.64 million for the quarter, compared to analysts’ expectations of $160.79 million. During the same period last year, the firm posted $1.14 earnings per share. On average, equities analysts predict that Bank of Hawaii Co. will post 3.51 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 31st. This represents a $2.80 annualized dividend and a yield of 4.86%. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BOH. Piper Sandler decreased their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. Jefferies Financial Group lowered their price target on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Barclays lowered their target price on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods boosted their price target on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research report on Tuesday, April 23rd. Finally, StockNews.com upgraded Bank of Hawaii to a “sell” rating in a research report on Monday, May 13th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $52.20.

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.