Bank of Hawaii Co. (NYSE:BOH) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,571,512 shares of the bank’s stock after buying an additional 60,092 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.95% of Bank of Hawaii worth $111,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in Bank of Hawaii by 5.0% during the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock worth $140,897,000 after acquiring an additional 106,717 shares during the period. Congress Asset Management Co. lifted its holdings in shares of Bank of Hawaii by 108.6% during the fourth quarter. Congress Asset Management Co. now owns 127,500 shares of the bank’s stock worth $9,083,000 after purchasing an additional 66,366 shares during the period. Barclays PLC grew its position in Bank of Hawaii by 91.2% in the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after buying an additional 44,599 shares during the last quarter. Quest Partners LLC acquired a new position in Bank of Hawaii in the 3rd quarter valued at $1,823,000. Finally, FMR LLC raised its position in Bank of Hawaii by 351.7% during the 3rd quarter. FMR LLC now owns 36,309 shares of the bank’s stock worth $2,279,000 after buying an additional 28,271 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

BOH has been the topic of several analyst reports. Barclays lifted 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. DA Davidson lifted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Piper Sandler increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens started coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.00.

Insider Activity

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now owns 9,880 shares in the company, valued at approximately $740,703.60. This represents a 4.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.11% of the company’s stock.

Bank of Hawaii Stock Performance

BOH opened at $69.72 on Friday. The stock’s 50 day simple moving average is $71.87 and its 200 day simple moving average is $70.62. The stock has a market cap of $2.77 billion, a P/E ratio of 20.15 and a beta of 1.00. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share 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%. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 80.92%.

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.