Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by Citigroup Inc.

Citigroup Inc. raised its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 10.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 86,486 shares of the bank’s stock after buying an additional 8,207 shares during the period. Citigroup Inc.’s holdings in Bank of Hawaii were worth $5,429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bank of Hawaii in the second quarter valued at approximately $106,000. Point72 DIFC Ltd acquired a new position in Bank of Hawaii in the 2nd quarter valued at $119,000. UMB Bank n.a. lifted its stake in shares of 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 during the period. Rothschild Investment LLC purchased a new position in shares of Bank of Hawaii during the 2nd quarter worth $172,000. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Bank of Hawaii during the second quarter worth $205,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the sale, the insider now owns 13,717 shares in the company, valued at $991,327.59. This trade represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.11% of the company’s stock.

Bank of Hawaii Trading Down 1.7 %

NYSE BOH opened at $78.98 on Monday. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 5.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The company’s 50 day moving average price is $70.69 and its 200 day moving average price is $64.93.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same quarter last year, the firm posted $1.17 EPS. On average, sell-side analysts predict that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s dividend payout ratio is presently 84.08%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BOH. Piper Sandler upped their target price on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. DA Davidson increased 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 assumed coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Barclays upped their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.00.

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.