Avior Wealth Management LLC Sells 874 Shares of Bank of Hawaii Co. (NYSE:BOH)

Avior Wealth Management LLC cut its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,719 shares of the bank’s stock after selling 874 shares during the period. Avior Wealth Management LLC’s holdings in Bank of Hawaii were worth $764,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Glenmede Trust Co. NA grew its stake in shares of Bank of Hawaii by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock worth $396,000 after purchasing an additional 182 shares during the period. Cadinha & Co. LLC grew its stake in shares of Bank of Hawaii by 12.2% during the fourth quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock worth $277,000 after purchasing an additional 423 shares during the period. Harrington Investments INC grew its stake in shares of Bank of Hawaii by 2.3% during the third quarter. Harrington Investments INC now owns 20,156 shares of the bank’s stock worth $1,265,000 after purchasing an additional 450 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Bank of Hawaii by 29.0% during the third 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 during the period. Finally, Stifel Financial Corp grew its stake in shares of Bank of Hawaii by 1.2% during the third quarter. Stifel Financial Corp now owns 68,757 shares of the bank’s stock worth $4,316,000 after purchasing an additional 788 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $70.94 on Friday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 21.30 and a beta of 1.05. The stock’s 50-day moving average is $73.39 and its 200-day moving average is $69.00. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. 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 issued its quarterly earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period in the previous year, the company posted $1.17 earnings per share. Equities analysts predict that Bank of Hawaii Co. will post 3.54 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, November 29th. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Analyst Ratings Changes

A number of equities research analysts recently commented on BOH shares. Stephens started coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company. Barclays lifted 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. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DA Davidson lifted their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Piper Sandler lifted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. 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. According to MarketBeat, Bank of Hawaii currently has an average rating of “Hold” and a consensus price target of $71.83.

Insider Activity at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the sale, the insider now owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.11% of the stock is owned by company insiders.

Bank of Hawaii Company 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.