Marble Harbor Investment Counsel LLC Raises Stake in Bank of Hawaii Co. (NYSE:BOH)

Marble Harbor Investment Counsel LLC raised its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,304 shares of the bank’s stock after purchasing an additional 6,610 shares during the quarter. Marble Harbor Investment Counsel LLC owned 0.22% of Bank of Hawaii worth $6,362,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BOH. State Street Corp lifted its stake in shares of Bank of Hawaii by 5.0% during the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after buying an additional 106,717 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Bank of Hawaii by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank’s stock valued at $111,955,000 after acquiring an additional 60,092 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Bank of Hawaii by 1.2% in the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after acquiring an additional 10,357 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Bank of Hawaii by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock worth $13,729,000 after purchasing an additional 5,451 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in Bank of Hawaii by 108.6% in the 4th quarter. Congress Asset Management Co. now owns 127,500 shares of the bank’s stock worth $9,083,000 after purchasing an additional 66,366 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

BOH has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. DA Davidson boosted their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price target on shares of 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 assumed coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target on the stock. Finally, Barclays boosted their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Stock Up 1.0 %

Shares of NYSE BOH opened at $69.72 on Friday. The firm’s 50-day moving average price is $71.88 and its 200-day moving average price is $70.55. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.15 and a beta of 1.00. Bank of Hawaii Co. has a 12-month low of $54.50 and a 12-month high of $82.70.

Bank of Hawaii (NYSE:BOH) last issued 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%. On average, equities research analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 4.02%. Bank of Hawaii’s payout ratio is presently 80.92%.

Insider Activity at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 449 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the sale, the insider now owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by insiders.

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.