Bank of Hawaii Co. (NYSE:BOH) Shares Sold by TIAA Trust National Association

TIAA Trust National Association decreased its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,946 shares of the bank’s stock after selling 2,014 shares during the period. TIAA Trust National Association’s holdings in Bank of Hawaii were worth $2,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CoreFirst Bank & Trust acquired a new position in shares of Bank of Hawaii during the fourth quarter valued at approximately $70,000. Advantage Alpha Capital Partners LP increased its position in shares of Bank of Hawaii by 12.8% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 8,701 shares of the bank’s stock valued at $620,000 after purchasing an additional 984 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Bank of Hawaii by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank’s stock valued at $329,001,000 after buying an additional 31,918 shares during the period. LPL Financial LLC boosted its stake in Bank of Hawaii by 74.3% during the fourth quarter. LPL Financial LLC now owns 17,727 shares of the bank’s stock valued at $1,263,000 after buying an additional 7,554 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Bank of Hawaii during the fourth quarter worth about $591,000. 82.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BOH shares. Stephens assumed coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company. Barclays lifted their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler upped 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. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, 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 report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.00.

Bank of Hawaii Stock Performance

Shares of BOH opened at $70.19 on Thursday. The company’s 50 day moving average price is $71.39 and its 200 day moving average price is $70.83. 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 Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The company has a market capitalization of $2.79 billion, a PE ratio of 20.29 and a beta of 1.01.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. Research analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a 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%.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the transaction, the chief accounting officer now directly owns 9,173 shares in the company, valued at approximately $688,708.84. This represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.11% of the company’s stock.

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.