Amalgamated Bank Has $734,000 Position in Bank of Hawaii Co. (NYSE:BOH)

Amalgamated Bank cut its stake in Bank of Hawaii Co. (NYSE:BOH) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,694 shares of the bank’s stock after selling 419 shares during the period. Amalgamated Bank’s holdings in Bank of Hawaii were worth $734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BOH. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Bank of Hawaii in the 2nd quarter valued at $106,000. Point72 DIFC Ltd purchased a new position in Bank of Hawaii during the 2nd quarter valued at about $119,000. UMB Bank n.a. grew its holdings in Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after buying an additional 2,644 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Bank of Hawaii during the second quarter worth about $172,000. Finally, Cadinha & Co. LLC purchased a new position in shares of Bank of Hawaii during the third quarter worth about $218,000. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Up 0.4 %

NYSE BOH opened at $77.58 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $81.45. The stock’s 50-day moving average price is $67.74 and its 200-day moving average price is $63.50. The company has a market capitalization of $3.08 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 5.11 and a beta of 1.03.

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

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BOH shares. Piper Sandler boosted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. DA Davidson upped their price target on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, Barclays increased their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, Bank of Hawaii presently has a consensus rating of “Hold” and a consensus price target of $64.80.

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 sale, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 8.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.11% of the stock is owned by corporate insiders.

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.