Mercer Global Advisors Inc. ADV Invests $832,000 in Bank of Hawaii Co. (NYSE:BOH)

Mercer Global Advisors Inc. ADV bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,685 shares of the bank’s stock, valued at approximately $832,000.

Several other large investors have also recently bought and sold shares of BOH. Vanguard Group Inc. increased its holdings in shares of Bank of Hawaii by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank’s stock worth $329,001,000 after purchasing an additional 31,918 shares during the period. Charles Schwab Investment Management Inc. grew its position in Bank of Hawaii by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank’s stock worth $111,955,000 after buying an additional 60,092 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Bank of Hawaii by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank’s stock valued at $59,884,000 after acquiring an additional 42,719 shares during the period. Cramer Rosenthal Mcglynn LLC raised its holdings in Bank of Hawaii by 9.5% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 563,259 shares of the bank’s stock valued at $40,127,000 after acquiring an additional 48,999 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Bank of Hawaii by 9.2% in the 4th quarter. Northern Trust Corp now owns 440,635 shares of the bank’s stock worth $31,391,000 after acquiring an additional 37,078 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $68.09 on Friday. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a fifty day moving average price of $66.43 and a two-hundred day moving average price of $71.06. The firm has a market capitalization of $2.71 billion, a P/E ratio of 19.68 and a beta of 0.76.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same period last year, the firm posted $0.87 EPS. As a group, analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.11%. Bank of Hawaii’s dividend payout ratio is 78.65%.

Analyst Ratings Changes

A number of research analysts recently commented on BOH shares. Piper Sandler upped 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. DA Davidson increased their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Finally, Barclays raised their price objective 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. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.17.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the sale, the insider now directly owns 6,442 shares in the company, valued at approximately $426,138.30. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.07% of the company’s stock.

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.