Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Whittier Trust Co.

Whittier Trust Co. decreased its holdings in Bank of Hawaii Co. (NYSE:BOH) by 74.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 681 shares of the bank’s stock after selling 1,935 shares during the period. Whittier Trust Co.’s holdings in Bank of Hawaii were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BOH. Xponance Inc. purchased a new stake in shares of Bank of Hawaii in the fourth quarter worth about $201,000. Intech Investment Management LLC boosted its holdings in Bank of Hawaii by 48.8% in the 4th quarter. Intech Investment Management LLC now owns 14,581 shares of the bank’s stock worth $1,039,000 after acquiring an additional 4,780 shares during the period. Cibc World Markets Corp purchased a new position in Bank of Hawaii in the 4th quarter worth approximately $261,000. Corient Private Wealth LLC grew its position in Bank of Hawaii by 2.7% in the fourth quarter. Corient Private Wealth LLC now owns 25,175 shares of the bank’s stock valued at $1,793,000 after acquiring an additional 663 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Bank of Hawaii by 0.8% during the fourth quarter. Swiss National Bank now owns 78,137 shares of the bank’s stock valued at $5,566,000 after purchasing an additional 600 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Trading Up 2.5 %

Shares of NYSE BOH opened at $70.15 on Tuesday. 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 stock’s 50 day moving average price is $71.42 and its two-hundred day moving average price is $70.79. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The stock has a market capitalization of $2.79 billion, a P/E ratio of 20.27 and a beta of 1.01.

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

Bank of Hawaii Announces Dividend

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 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii’s dividend payout ratio is presently 80.92%.

Insider Buying and Selling

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction that occurred on 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 directly owns 9,880 shares in the company, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on BOH. DA Davidson raised their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Piper Sandler raised their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens began coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target for the company. Finally, Barclays lifted their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.00.

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.