Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its position in Bank of Hawaii Co. (NYSE:BOH) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,412 shares of the bank’s stock after selling 14,646 shares during the period. Jefferies Financial Group Inc.’s holdings in Bank of Hawaii were worth $2,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Balyasny Asset Management L.P. purchased a new position in shares of Bank of Hawaii in the fourth quarter worth $54,309,000. Ameriprise Financial Inc. raised its holdings in shares of Bank of Hawaii by 558.1% in the fourth quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank’s stock worth $46,084,000 after buying an additional 548,599 shares during the last quarter. Norges Bank purchased a new position in shares of Bank of Hawaii in the fourth quarter worth $27,495,000. Freestone Grove Partners LP purchased a new position in shares of Bank of Hawaii in the fourth quarter worth $13,678,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Bank of Hawaii by 188.8% in the fourth quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank’s stock worth $17,817,000 after buying an additional 163,503 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the transaction, the insider now owns 6,442 shares of the company’s stock, valued at approximately $426,138.30. The trade was a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.07% of the stock is owned by corporate insiders.

Bank of Hawaii Stock Down 0.6%

BOH opened at $70.38 on Wednesday. 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. The company has a fifty day moving average of $66.48 and a two-hundred day moving average of $71.12. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 20.34 and a beta of 0.76.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $168.65 million. During the same quarter in the previous year, the company earned $0.87 earnings per share. On average, research analysts expect that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.98%. Bank of Hawaii’s payout ratio is 78.65%.

Wall Street Analysts Forecast Growth

BOH has been the subject of a number of research analyst reports. Barclays raised their price target on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a report on Tuesday, April 22nd. Piper Sandler raised their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Finally, 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 report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.17.

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.