CKW Financial Group Sells 1,668 Shares of Bank of Hawaii Co. (NYSE:BOH)

CKW Financial Group lowered its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 40.0% in the 4th quarter, HoldingsChannel reports. The firm owned 2,507 shares of the bank’s stock after selling 1,668 shares during the quarter. CKW Financial Group’s holdings in Bank of Hawaii were worth $179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BOH. International Assets Investment Management LLC bought a new stake in shares of Bank of Hawaii in the 3rd quarter worth approximately $70,960,000. State Street Corp increased its stake in shares of Bank of Hawaii by 5.0% in the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock worth $140,897,000 after buying an additional 106,717 shares during the period. Dimensional Fund Advisors LP grew its holdings in Bank of Hawaii by 14.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock worth $45,167,000 after acquiring an additional 98,465 shares during the last quarter. Barclays PLC raised its stake in shares of Bank of Hawaii by 91.2% during the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after acquiring an additional 44,599 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Bank of Hawaii during the 2nd quarter valued at about $2,230,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.11% of the company’s stock.

Bank of Hawaii Stock Down 0.3 %

BOH stock opened at $70.94 on Monday. The business has a 50 day moving average of $73.39 and a 200 day moving average of $69.16. The firm has a market cap of $2.82 billion, a PE ratio of 21.30 and a beta of 1.05. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. On average, research analysts forecast that Bank of Hawaii Co. will post 3.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays lifted their price target 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. Stephens initiated 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 for the company. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson increased their target price on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler lifted their price target on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Bank of Hawaii has a consensus rating of “Hold” and an average target price of $71.83.

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.