3,115 Shares in Bank of Hawaii Co. (NYSE:BOH) Bought by Wealth Alliance

Wealth Alliance bought a new stake in shares of Bank of Hawaii Co. (NYSE:BOH) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,115 shares of the bank’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. KBC Group NV boosted its holdings in shares of Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after buying an additional 812 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Bank of Hawaii by 29.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after purchasing an additional 536 shares during the period. Choreo LLC bought a new stake in shares of Bank of Hawaii in the 4th quarter worth approximately $205,000. Trust Point Inc. acquired a new position in Bank of Hawaii during the 4th quarter valued at approximately $204,000. Finally, Sippican Capital Advisors bought a new position in Bank of Hawaii during the 4th quarter worth $215,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays raised their target price on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. DA Davidson lifted 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 report on Tuesday, January 28th. Keefe, Bruyette & Woods upped their target price 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. Piper Sandler lifted their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Finally, Stephens assumed coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Stock Down 2.4 %

BOH stock opened at $70.85 on Friday. The firm’s 50-day moving average is $71.91 and its two-hundred day moving average is $70.22. 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 company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 20.48 and a beta of 1.04. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70.

Bank of Hawaii (NYSE:BOH) last issued 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%. On average, analysts forecast that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 3.95%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Insider Buying and Selling

In related news, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were 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 in the company, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii 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 completion of 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 position. The disclosure for this sale can be found here. 2.11% of the stock is owned by corporate 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.