First Hawaiian Bank Sells 4,000 Shares of Bank of Hawaii Co. (NYSE:BOH)

First Hawaiian Bank reduced its holdings in Bank of Hawaii Co. (NYSE:BOH) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,626 shares of the bank’s stock after selling 4,000 shares during the period. First Hawaiian Bank owned approximately 0.15% of Bank of Hawaii worth $4,177,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Arizona State Retirement System boosted its holdings in Bank of Hawaii by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 11,134 shares of the bank’s stock valued at $637,000 after purchasing an additional 210 shares during the period. American Century Companies Inc. increased its stake in Bank of Hawaii by 8.7% during the second quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock valued at $38,652,000 after acquiring an additional 54,078 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Bank of Hawaii in the 2nd quarter valued at approximately $332,000. Envestnet Asset Management Inc. lifted its position in shares of Bank of Hawaii by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 168,145 shares of the bank’s stock worth $9,620,000 after acquiring an additional 18,747 shares during the period. Finally, WINTON GROUP Ltd grew its holdings in shares of Bank of Hawaii by 8.7% during the 2nd quarter. WINTON GROUP Ltd now owns 16,029 shares of the bank’s stock worth $917,000 after purchasing an additional 1,286 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BOH has been the subject of several research reports. Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson lifted their target price on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Piper Sandler raised their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Barclays upped their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Stephens initiated coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Bank of Hawaii presently has a consensus rating of “Hold” and a consensus target price of $71.83.

Insider Transactions at Bank of Hawaii

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

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock traded down $0.37 during trading on Wednesday, reaching $69.23. The company’s stock had a trading volume of 291,636 shares, compared to its average volume of 366,034. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The stock has a 50-day moving average price of $74.88 and a two-hundred day moving average price of $67.95. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.75 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 4.86 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The company had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. During the same period in the prior year, the business earned $1.17 earnings per share. As a group, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

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.