BI Asset Management Fondsmaeglerselskab A S Acquires Shares of 2,150 Bank of Hawaii Co. (NYSE:BOH)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in Bank of Hawaii Co. (NYSE:BOH) in the 4th quarter, Holdings Channel reports. The fund bought 2,150 shares of the bank’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Bank of Hawaii in the 4th quarter worth $50,000. Headlands Technologies LLC increased its position in shares of Bank of Hawaii by 285.8% during the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after acquiring an additional 703 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in Bank of Hawaii in the fourth quarter valued at about $70,000. Smartleaf Asset Management LLC grew 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 purchasing an additional 1,037 shares in the last quarter. Finally, KBC Group NV increased its holdings in Bank of Hawaii by 70.9% during the 4th 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. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BOH has been the subject of several research analyst reports. DA Davidson increased their target price on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Barclays increased their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an “underweight” rating in a research note on Tuesday. Finally, Piper Sandler boosted their target price on shares of 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 research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Bank of Hawaii currently has an average rating of “Hold” and an average price target of $73.17.

Bank of Hawaii Stock Performance

Shares of BOH opened at $66.33 on Friday. The stock has a market capitalization of $2.64 billion, a PE ratio of 19.17 and a beta of 0.87. The business’s fifty day moving average price is $67.38 and its 200 day moving average price is $70.91. 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 Co. has a 12-month low of $54.50 and a 12-month high of $82.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The company had revenue of $169.87 million for the quarter, compared to the consensus estimate of $168.65 million. During the same period last year, the firm posted $0.87 EPS. Equities research analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii’s payout ratio is 78.65%.

Insider Transactions at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 449 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the completion of the transaction, the insider now owns 9,880 shares in the company, valued at approximately $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the sale, the chief accounting officer now owns 9,173 shares in the company, valued at approximately $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.07% of the company’s stock.

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.