Bank of Hawaii Co. (NYSE:BOH) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Bank of Hawaii Co. (NYSE:BOH) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,388 shares of the bank’s stock after selling 1,617 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Bank of Hawaii worth $5,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bank of Hawaii in the second quarter valued at about $106,000. Point72 DIFC Ltd acquired a new stake in shares of Bank of Hawaii in the second quarter valued at about $119,000. UMB Bank n.a. grew its holdings in shares of Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Bank of Hawaii in the second quarter valued at about $172,000. Finally, Bridges Investment Management Inc. purchased a new stake in shares of Bank of Hawaii in the second quarter valued at about $205,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective 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. DA Davidson upped their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price objective 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. Piper Sandler upped their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Stephens initiated coverage on shares of 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 given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.83.

Insider Activity

In other news, insider Matthew Emerson sold 1,355 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.47% of the company’s stock.

Bank of Hawaii Trading Down 0.5 %

Shares of BOH stock opened at $75.40 on Wednesday. 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 cap of $3.00 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The company has a 50-day moving average of $72.69 and a two-hundred day moving average of $65.88. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The company had revenue of $265.76 million during the quarter, compared to analyst estimates of $160.29 million. During the same quarter last year, the firm posted $1.17 earnings per share. On average, analysts predict that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s payout ratio is 84.08%.

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.