Mutual of America Capital Management LLC Sells 549 Shares of Bank of Hawaii Co. (NYSE:BOH)

Mutual of America Capital Management LLC trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,976 shares of the bank’s stock after selling 549 shares during the period. Mutual of America Capital Management LLC’s holdings in Bank of Hawaii were worth $375,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Bank of Hawaii during the second quarter worth $106,000. Point72 DIFC Ltd acquired a new stake in Bank of Hawaii in the second quarter valued at about $119,000. UMB Bank n.a. increased its position 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 worth $169,000 after purchasing an additional 2,644 shares in the last quarter. Rothschild Investment LLC bought a new stake in Bank of Hawaii during the 2nd quarter worth $172,000. Finally, Bridges Investment Management Inc. bought a new position in Bank of Hawaii in the 2nd quarter valued at approximately $205,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BOH shares. Barclays lifted their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. DA Davidson upped their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Stephens initiated coverage on shares of Bank of Hawaii in a research note on Wednesday. They issued an “overweight” rating and a $90.00 target price for the company. Keefe, Bruyette & Woods raised their target price 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, Piper Sandler upped their price target on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Bank of Hawaii presently has an average rating of “Hold” and a consensus target price of $69.00.

Insider Buying and Selling

In related news, insider Matthew Emerson sold 1,355 shares of the business’s 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 $991,327.59. The trade was a 8.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.11% of the stock is currently owned by company insiders.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $80.35 on Thursday. The company has a 50 day moving average of $69.79 and a 200 day moving average of $64.54. 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 twelve month low of $54.50 and a twelve month high of $82.70. The firm has a market cap of $3.19 billion, a P/E ratio of 24.13, a PEG ratio of 5.29 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data 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 firm had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $160.29 million. During the same quarter in the prior year, the business earned $1.17 EPS. As a group, research analysts expect that Bank of Hawaii Co. will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.70 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

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.