Bank of Hawaii Co. (NYSE:BOH) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Bank of Hawaii Co. (NYSE:BOH) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,571,512 shares of the bank’s stock after purchasing an additional 60,092 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Bank of Hawaii were worth $111,955,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP boosted its holdings in Bank of Hawaii by 284.3% in the third quarter. GSA Capital Partners LLP now owns 20,885 shares of the bank’s stock valued at $1,311,000 after acquiring an additional 15,450 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Bank of Hawaii by 43.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,309 shares of the bank’s stock worth $522,000 after purchasing an additional 2,500 shares during the period. Quest Partners LLC acquired a new position in shares of Bank of Hawaii in the 3rd quarter valued at about $1,823,000. Intech Investment Management LLC purchased a new stake in shares of Bank of Hawaii during the 3rd quarter worth about $615,000. Finally, Citigroup Inc. increased its position in Bank of Hawaii by 10.5% during the 3rd quarter. Citigroup Inc. now owns 86,486 shares of the bank’s stock worth $5,429,000 after purchasing an additional 8,207 shares in the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $69.72 on Friday. The company’s fifty day moving average price is $71.87 and its two-hundred day moving average price is $70.62. 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 $2.77 billion, a P/E ratio of 20.15 and a beta of 1.00. 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 quarterly earnings results on Monday, January 27th. The bank reported $0.85 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, research analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.02%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 80.92%.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 449 shares of the stock in a transaction dated Thursday, January 30th. The shares were 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 approximately $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the completion of the sale, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on BOH shares. 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. Keefe, Bruyette & Woods lifted their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens began coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target for the company. Barclays raised their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Piper Sandler increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.