US Bancorp DE Decreases Position in Bank of Hawaii Co. (NYSE:BOH)

US Bancorp DE cut its position in Bank of Hawaii Co. (NYSE:BOH) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,700 shares of the bank’s stock after selling 420 shares during the quarter. US Bancorp DE’s holdings in Bank of Hawaii were worth $295,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bank of Hawaii in the second quarter worth about $106,000. Point72 DIFC Ltd purchased a new stake in shares of Bank of Hawaii in the second quarter worth about $119,000. UMB Bank n.a. boosted its position 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 acquiring an additional 2,644 shares during the period. Rothschild Investment LLC bought a new position in shares of Bank of Hawaii in the second quarter valued at approximately $172,000. Finally, Bridges Investment Management Inc. purchased a new position in shares of Bank of Hawaii during the 2nd quarter valued at $205,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii 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 completion of the transaction, the insider now owns 13,717 shares in the company, valued at approximately $991,327.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.11% of the stock is owned by company insiders.

Bank of Hawaii Trading Down 1.4 %

NYSE BOH opened at $77.77 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $81.45. The stock has a market cap of $3.09 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 5.18 and a beta of 1.03. The stock has a 50 day simple moving average of $67.23 and a two-hundred day simple moving average of $63.26.

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, beating analysts’ consensus estimates 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 firm had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, analysts forecast that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, November 29th. Bank of Hawaii’s dividend payout ratio is presently 84.08%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BOH. Barclays raised their price target on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Piper Sandler lifted their price target on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Finally, DA Davidson increased their target price 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. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.80.

Bank of Hawaii Company 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.