KLP Kapitalforvaltning AS Takes Position in Bank of Hawaii Co. (NYSE:BOH)

KLP Kapitalforvaltning AS acquired a new position in Bank of Hawaii Co. (NYSE:BOH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,300 shares of the bank’s stock, valued at approximately $591,000.

A number of other hedge funds have also bought and sold shares of BOH. SBI Securities Co. Ltd. bought a new stake in shares of Bank of Hawaii in the fourth quarter worth approximately $50,000. Smartleaf Asset Management LLC boosted its holdings in Bank of Hawaii by 204.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock worth $110,000 after purchasing an additional 1,037 shares during the last quarter. KBC Group NV grew its position in Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after purchasing an additional 812 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in 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 valued at $150,000 after buying an additional 536 shares during the last quarter. Finally, Xponance Inc. bought a new position in shares of Bank of Hawaii during the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the sale, the insider now directly owns 9,880 shares in the company, valued at approximately $740,703.60. The trade was a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 9,173 shares in the company, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.

Bank of Hawaii Trading Up 1.4 %

Bank of Hawaii stock opened at $69.45 on Thursday. Bank of Hawaii Co. has a 12-month low of $54.50 and a 12-month high of $82.70. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 20.07 and a beta of 1.01. The firm has a 50 day moving average of $71.19 and a 200 day moving average of $71.03. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data 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 return on equity of 11.81% and a net margin of 14.47%. As a group, research analysts predict that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.70 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.80 annualized dividend and a dividend yield of 4.03%. Bank of Hawaii’s payout ratio is 80.92%.

Analysts Set New Price Targets

A number of analysts recently commented on BOH shares. Piper Sandler upped their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. DA Davidson upped 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. Barclays increased their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Finally, Keefe, Bruyette & Woods boosted 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 research report on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Bank of Hawaii has a consensus rating of “Hold” and a consensus target price of $73.00.

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.