2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. raised its stake in shares of Bank of Hawaii Co. ( NYSE:BOH – Free Report ) by 6.
8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,089 shares of the bank’s stock after buying an additional 260 shares during the quarter. Summit Investment Advisors Inc.
’s holdings in Bank of Hawaii were worth $291,000 at the end of the most recent quarter. Several other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Bank of Hawaii in the 4th quarter worth about $27,495,000.
JPMorgan Chase & Co. lifted its stake in shares of Bank of Hawaii by 188.8% in the fourth quarter.
JPMorgan Chase & Co. now owns 250,094 shares of the bank’s stock worth $17,817,000 after buying an additional 163,503 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Bank of Hawaii in the fourth quarter worth approximately $4,798,000.
Congress Asset Management Co. increased its position in shares of Bank of Hawaii by 108.6% during the fourth quarter.
Congress Asset Management Co. now owns 127,500 shares of the bank’s stock valued at $9,083,000 after acquiring an additional 66,366 shares in the last quarter. Finally, Charles Schwab Investment Management Inc.
raised its holdings in Bank of Hawaii by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,571,512 shares of the bank’s stock worth $111,955,000 after acquiring an additional 60,092 shares during the last quarter. 82.18% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In BOH has been the topic of several recent analyst reports. Barclays cut their target price on Bank of Hawaii from $66.00 to $64.
00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler lifted their price objective on Bank of Hawaii from $66.00 to $68.
00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Finally, DA Davidson boosted their target price on Bank of Hawaii from $75.00 to $79.
00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.
67. Insider Transactions at Bank of Hawaii In other news, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii 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 transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at $688,708.84. The trade was a 17.
90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Taryn L.
Salmon sold 449 shares of the 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 completion of the sale, the insider now directly owns 9,880 shares of the company’s stock, valued at $740,703.60.
This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Corporate insiders own 2.07% of the company’s stock. Bank of Hawaii Stock Performance Shares of BOH opened at $64.
99 on Monday. Bank of Hawaii Co. has a one year low of $54.
50 and a one year high of $82.70. The business has a fifty day moving average of $67.
92 and a 200 day moving average of $70.94. 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 firm has a market capitalization of $2.59 billion, a P/E ratio of 18.78 and a beta of 0.
87. Bank of Hawaii ( NYSE:BOH – Get Free Report ) last released its quarterly earnings results 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%.
As a group, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.
Bank of Hawaii Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.70 dividend.
The ex-dividend date was Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 4.
31%. Bank of Hawaii’s payout ratio is presently 80.92%.
About Bank of Hawaii ( Free Report ) 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.
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