KBC Group NV Acquires 812 Shares of Bank of Hawaii Co. (NYSE:BOH)

KBC Group NV grew its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 70.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,957 shares of the bank’s stock after acquiring an additional 812 shares during the period. KBC Group NV’s holdings in Bank of Hawaii were worth $139,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. increased its holdings in Bank of Hawaii by 29.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock valued at $150,000 after purchasing an additional 536 shares during the period. UMB Bank n.a. grew its position in shares of Bank of Hawaii by 5,508.3% in 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 during the last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of Bank of Hawaii in the third quarter valued at about $207,000. Cadinha & Co. LLC acquired a new stake in shares of Bank of Hawaii in the third quarter valued at about $218,000. Finally, Nwam LLC bought a new position in shares of Bank of Hawaii during the third quarter worth about $228,000. Institutional investors own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BOH. Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens began coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective on the stock. DA Davidson increased 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 report on Tuesday, January 28th. Barclays boosted their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Piper Sandler lifted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Bank of Hawaii presently has a consensus rating of “Hold” and a consensus target price of $73.00.

Insider Buying and Selling

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now owns 9,173 shares in the company, valued at $688,708.84. This represents a 17.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the completion of the transaction, 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 disclosure for this sale can be found here. 2.47% of the stock is owned by company insiders.

Bank of Hawaii Trading Up 0.5 %

NYSE:BOH opened at $75.80 on Friday. The firm has a fifty day simple moving average of $72.65 and a two-hundred day simple moving average of $69.73. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 21.91 and a beta of 1.04. 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 issued its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. Analysts expect that Bank of Hawaii Co. will post 3.87 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, February 28th. Bank of Hawaii’s payout ratio is 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.