Corient Private Wealth LLC Grows Position in Bank of Hawaii Co. (NYSE:BOH)

Corient Private Wealth LLC raised its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,175 shares of the bank’s stock after purchasing an additional 663 shares during the period. Corient Private Wealth LLC owned 0.06% of Bank of Hawaii worth $1,793,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp increased its holdings in Bank of Hawaii by 5.0% during the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after buying an additional 106,717 shares during the period. Congress Asset Management Co. boosted its position in Bank of Hawaii by 108.6% during the 4th quarter. Congress Asset Management Co. now owns 127,500 shares of the bank’s stock valued at $9,083,000 after acquiring an additional 66,366 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Bank of Hawaii by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank’s stock valued at $111,955,000 after acquiring an additional 60,092 shares during the period. Barclays PLC raised its position in shares of Bank of Hawaii by 91.2% in the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank’s stock worth $5,870,000 after acquiring an additional 44,599 shares in the last quarter. Finally, FMR LLC raised its position in shares of Bank of Hawaii by 351.7% in the 3rd quarter. FMR LLC now owns 36,309 shares of the bank’s stock worth $2,279,000 after acquiring an additional 28,271 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction dated 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 owns 9,173 shares of the company’s stock, valued at $688,708.84. The trade was a 17.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the sale, the insider now directly owns 9,880 shares in the company, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BOH has been the topic of several analyst reports. Piper Sandler lifted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. DA Davidson lifted 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 increased their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods upped their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens initiated 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 assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Bank of Hawaii has an average rating of “Hold” and a consensus target price of $73.00.

Bank of Hawaii Trading Up 2.5 %

NYSE BOH opened at $70.15 on Tuesday. The stock has a market cap of $2.79 billion, a P/E ratio of 20.27 and a beta of 1.01. 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 Co. has a 12-month low of $54.50 and a 12-month high of $82.70. The company has a fifty day simple moving average of $71.42 and a two-hundred day simple moving average of $70.79.

Bank of Hawaii (NYSE:BOH) last issued its quarterly 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 return on equity of 11.81% and a net margin of 14.47%. On average, analysts forecast that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 3.99%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 80.92%.

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.