Bleakley Financial Group LLC Decreases Stake in Bank of Hawaii Co. (NYSE:BOH)

Bleakley Financial Group LLC lessened its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,797 shares of the bank’s stock after selling 508 shares during the period. Bleakley Financial Group LLC’s holdings in Bank of Hawaii were worth $627,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BOH. State Street Corp raised its stake in Bank of Hawaii by 5.0% during the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock worth $140,897,000 after purchasing an additional 106,717 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock valued at $94,872,000 after buying an additional 35,187 shares during the period. Geode Capital Management LLC lifted its holdings in 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 during the last quarter. International Assets Investment Management LLC acquired a new stake in Bank of Hawaii during the third quarter worth $70,960,000. Finally, Barclays PLC raised its position in Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after purchasing an additional 44,599 shares during the period. 82.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the firm’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 transaction, the chief accounting officer now owns 9,173 shares in the company, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.11% of the company’s stock.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $75.00 on Monday. The firm has a market capitalization of $2.98 billion, a PE ratio of 21.68 and a beta of 1.04. 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 business’s fifty day moving average price is $72.57 and its 200 day moving average price is $69.82. 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 earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.94 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s payout ratio is 80.92%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays boosted their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods increased 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. Stephens started coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target on the stock. DA Davidson increased their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Piper Sandler lifted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Three 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.00.

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.