Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by Cadinha & Co. LLC

Cadinha & Co. LLC increased its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,893 shares of the bank’s stock after purchasing an additional 423 shares during the quarter. Cadinha & Co. LLC’s holdings in Bank of Hawaii were worth $277,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Bank of Hawaii by 5.0% in the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after acquiring an additional 106,717 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Bank of Hawaii by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock worth $94,872,000 after purchasing an additional 35,187 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Bank of Hawaii by 1.2% during the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock worth $57,025,000 after buying an additional 10,357 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Bank of Hawaii by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock valued at $45,167,000 after buying an additional 98,465 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings 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 valued at $9,620,000 after buying an additional 18,747 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $71.12 on Friday. The stock’s 50-day simple moving average is $74.10 and its 200-day simple moving average is $68.58. The firm has a market capitalization of $2.83 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 4.51 and a beta of 1.05. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share 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 analysts’ expectations of $160.29 million. During the same quarter last year, the company earned $1.17 earnings per share. As a group, equities research analysts forecast that Bank of Hawaii Co. will post 3.54 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.94%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BOH. DA Davidson lifted their target price on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Barclays increased their target price 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. 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 note on Tuesday, October 29th. 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 for the company. Finally, Keefe, Bruyette & Woods raised their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.83.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction 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 transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 8.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.47% of the stock is currently owned by insiders.

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.