American Century Companies Inc. Sells 6,063 Shares of Bank of Hawaii Co. (NYSE:BOH)

American Century Companies Inc. decreased its position in Bank of Hawaii Co. (NYSE:BOH) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 702,374 shares of the bank’s stock after selling 6,063 shares during the period. American Century Companies Inc. owned about 1.77% of Bank of Hawaii worth $50,037,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Bank of Hawaii in the 4th quarter worth $50,000. Smartleaf Asset Management LLC boosted its holdings in shares of Bank of Hawaii by 204.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock worth $110,000 after purchasing an additional 1,037 shares during the period. KBC Group NV grew its stake in shares of Bank of Hawaii by 70.9% in the fourth 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 holdings in 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 valued at $150,000 after purchasing an additional 536 shares during the period. Finally, Xponance Inc. bought a new position in Bank of Hawaii during the 4th quarter valued at approximately $201,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BOH shares. Stephens assumed coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of 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. DA Davidson raised their target price on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Piper Sandler boosted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Finally, Barclays raised their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.00.

Insider Transactions at Bank of Hawaii

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

Bank of Hawaii Trading Up 0.7 %

NYSE BOH opened at $70.19 on Thursday. The stock’s fifty day moving average price is $71.39 and its 200-day moving average price is $70.83. 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 cap of $2.79 billion, a P/E ratio of 20.29 and a beta of 1.01. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70.

Bank of Hawaii (NYSE:BOH) last issued its 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 return on equity of 11.81% and a net margin of 14.47%. As a group, equities analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii’s payout ratio is presently 80.92%.

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.