Charles Schwab Investment Management Inc. Increases Holdings in Bank of Hawaii Co. (NYSE:BOH)

Charles Schwab Investment Management Inc. grew its holdings in Bank of Hawaii Co. (NYSE:BOH) by 2.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,511,420 shares of the bank’s stock after acquiring an additional 35,187 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.80% of Bank of Hawaii worth $94,872,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BOH. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bank of Hawaii in the second quarter valued at approximately $106,000. Point72 DIFC Ltd acquired a new position in shares of Bank of Hawaii in the 2nd quarter valued at $119,000. UMB Bank n.a. grew its position in shares of Bank of Hawaii by 5,508.3% in the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after buying an additional 2,644 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Bank of Hawaii in the 2nd quarter valued at $172,000. Finally, Crestwood Advisors Group LLC acquired a new stake in Bank of Hawaii during the 3rd quarter worth $207,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the transaction, the insider now owns 13,717 shares in the company, valued at approximately $991,327.59. The trade was a 8.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BOH has been the subject of several research analyst reports. Barclays upped their price objective on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upped their target price 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 lifted their price target 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 increased their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three investment 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 has an average rating of “Hold” and a consensus target price of $64.80.

Bank of Hawaii Stock Down 0.9 %

BOH opened at $79.81 on Wednesday. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The business has a 50 day moving average price of $69.50 and a two-hundred day moving average price of $64.40. 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 company has a market cap of $3.17 billion, a PE ratio of 23.97, a P/E/G ratio of 5.27 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $265.76 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $1.17 earnings per share. As a group, research analysts anticipate that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.51%. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

About Bank of Hawaii

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.