Blair William & Co. IL Has $234,000 Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Blair William & Co. IL cut its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 45.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,282 shares of the bank’s stock after selling 2,722 shares during the period. Blair William & Co. IL’s holdings in Bank of Hawaii were worth $234,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BOH. SBI Securities Co. Ltd. acquired a new stake in Bank of Hawaii during the 4th quarter worth approximately $50,000. CoreFirst Bank & Trust bought a new position in Bank of Hawaii during the 4th quarter worth $70,000. Smartleaf Asset Management LLC lifted its holdings in shares of Bank of Hawaii by 204.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock worth $110,000 after buying an additional 1,037 shares in the last quarter. KBC Group NV boosted its position in shares of Bank of Hawaii by 70.9% in the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after acquiring an additional 812 shares during the period. Finally, Xponance Inc. acquired a new position in shares of Bank of Hawaii in the fourth quarter valued at about $201,000. Institutional investors own 82.18% of the company’s stock.

Wall Street Analyst Weigh In

BOH has been the subject of several analyst reports. DA Davidson lifted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Piper Sandler lifted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $73.00.

Insiders Place Their Bets

In related news, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now directly owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. The trade was a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, 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. Insiders own 2.07% of the company’s stock.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $61.44 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.44 billion, a PE ratio of 17.76 and a beta of 0.87. The company has a 50 day moving average of $70.87 and a 200-day moving average of $71.00. 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 released its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts forecast that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Friday, February 28th. Bank of Hawaii’s dividend payout ratio is presently 80.92%.

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.