Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its position in Bank of Hawaii Co. (NYSE:BOH) by 5.5% during the fourth quarter, HoldingsChannel.com reports. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Choreo LLC purchased a new stake in shares of Bank of Hawaii in the fourth quarter valued at about $205,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Bank of Hawaii by 18.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,757 shares of the bank’s stock valued at $2,024,000 after purchasing an additional 4,552 shares in the last quarter. Trust Point Inc. acquired a new position in Bank of Hawaii during the 4th quarter worth approximately $204,000. Sippican Capital Advisors acquired a new position in Bank of Hawaii during the 4th quarter worth approximately $215,000. Finally, Perigon Wealth Management LLC raised its stake in shares of Bank of Hawaii by 0.9% during the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock worth $1,168,000 after buying an additional 154 shares in the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

BOH stock opened at $75.00 on Monday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 21.68 and a beta of 1.04. The stock’s fifty day simple moving average is $72.57 and its 200-day simple moving average is $69.82. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. Equities research analysts expect that Bank of Hawaii Co. will post 3.94 EPS for the current year.

Bank of Hawaii Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on BOH. Barclays increased their price objective 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. Piper Sandler raised their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Stephens began coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price on the stock. DA Davidson lifted their price target 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. Finally, Keefe, Bruyette & Woods upped their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.00.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the company’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 in the company, valued at $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now directly owns 9,880 shares in the company, 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. Insiders own 2.11% 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.