Amalgamated Bank Cuts Position in Bank of Hawaii Co. (NYSE:BOH)

Amalgamated Bank trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 3.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,694 shares of the bank’s stock after selling 419 shares during the period. Amalgamated Bank’s holdings in Bank of Hawaii were worth $734,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BOH. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bank of Hawaii in the 2nd quarter valued at about $106,000. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii during the second quarter valued at approximately $119,000. UMB Bank n.a. raised its holdings in shares of Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after acquiring an additional 2,644 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Bank of Hawaii in the second quarter valued at approximately $172,000. Finally, Cadinha & Co. LLC purchased a new stake in shares of Bank of Hawaii in the third quarter valued at approximately $218,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 in the company, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.11% of the stock is currently owned by corporate insiders.

Bank of Hawaii Trading Up 0.4 %

Shares of Bank of Hawaii stock opened at $77.58 on Friday. The firm has a market cap of $3.08 billion, a PE ratio of 23.30, a P/E/G ratio of 5.11 and a beta of 1.03. 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’s fifty day moving average is $67.74 and its two-hundred day moving average is $63.50. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $81.45.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $265.76 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.17 EPS. Analysts anticipate that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.61%. Bank of Hawaii’s payout ratio is 84.08%.

Wall Street Analyst Weigh In

A number of research analysts have commented on BOH shares. Barclays upped their price target on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Piper Sandler boosted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, DA Davidson boosted their price target on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.80.

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.