Bank of Hawaii Co. (NYSE:BOH) Stock Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 48.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,581 shares of the bank’s stock after acquiring an additional 4,780 shares during the period. Intech Investment Management LLC’s holdings in Bank of Hawaii were worth $1,039,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BOH. SBI Securities Co. Ltd. bought a new stake in Bank of Hawaii during the 4th quarter valued at $50,000. Smartleaf Asset Management LLC raised its stake in Bank of Hawaii by 204.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after acquiring an additional 1,037 shares in the last quarter. KBC Group NV raised its stake 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 buying an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Bank of Hawaii by 29.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after buying an additional 536 shares in the last quarter. Finally, Trust Point Inc. bought a new stake in shares of Bank of Hawaii in the 4th quarter worth $204,000. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Down 0.0 %

Shares of NYSE BOH opened at $68.25 on Friday. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 19.72 and a beta of 1.01. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $71.39 and a 200-day simple moving average of $70.72.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share 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%. Sell-side analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.10%. The ex-dividend date was Friday, February 28th. Bank of Hawaii’s payout ratio is 80.92%.

Insider Activity at Bank of Hawaii

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the transaction, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BOH shares. Keefe, Bruyette & Woods boosted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Barclays boosted their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Stephens started coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective on the stock. DA Davidson boosted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Piper Sandler boosted their target price 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.00.

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.