Truist Financial Corp Has $263,000 Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

Truist Financial Corp trimmed its holdings in Bank of Hawaii Co. (NYSE:BOH) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,688 shares of the bank’s stock after selling 156 shares during the period. Truist Financial Corp’s holdings in Bank of Hawaii were worth $263,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock worth $13,729,000 after purchasing an additional 5,451 shares in the last quarter. Monument Capital Management acquired a new stake in shares of Bank of Hawaii in the fourth quarter worth about $270,000. Congress Asset Management Co. boosted its stake in shares of Bank of Hawaii by 108.6% during the 4th quarter. Congress Asset Management Co. now owns 127,500 shares of the bank’s stock worth $9,083,000 after acquiring an additional 66,366 shares in the last quarter. Choreo LLC acquired a new position in shares of Bank of Hawaii during the 4th quarter valued at about $205,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bank of Hawaii by 18.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,757 shares of the bank’s stock valued at $2,024,000 after acquiring an additional 4,552 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

NYSE BOH opened at $69.46 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 20.07 and a beta of 1.00. The company’s fifty day moving average is $71.96 and its two-hundred day moving average is $70.57. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week 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 net margin of 14.47% and a return on equity of 11.81%. Equities research analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s payout ratio is presently 80.92%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BOH. Stephens began coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price for the company. Piper Sandler upped their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Barclays lifted their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. DA Davidson upped their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.00.

Insider Activity

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 of the company’s stock, valued at $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the stock in a transaction dated Thursday, January 30th. The stock was 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 of the company’s stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by company insiders.

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.