Blair William & Co. IL Sells 2,722 Shares of Bank of Hawaii Co. (NYSE:BOH)

Blair William & Co. IL trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 45.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,282 shares of the bank’s stock after selling 2,722 shares during the quarter. Blair William & Co. IL’s holdings in Bank of Hawaii were worth $234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC grew its stake in shares of Bank of Hawaii by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock worth $1,168,000 after purchasing an additional 154 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Bank of Hawaii by 1.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank’s stock valued at $1,572,000 after buying an additional 324 shares during the last quarter. Cadinha & Co. LLC raised its position in shares of Bank of Hawaii by 12.2% during the fourth quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock worth $277,000 after acquiring an additional 423 shares during the last quarter. Swiss National Bank lifted its stake in shares of Bank of Hawaii by 0.8% in the fourth quarter. Swiss National Bank now owns 78,137 shares of the bank’s stock worth $5,566,000 after acquiring an additional 600 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Bank of Hawaii by 2.7% in the fourth quarter. Corient Private Wealth LLC now owns 25,175 shares of the bank’s stock worth $1,793,000 after acquiring an additional 663 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BOH shares. Piper Sandler raised their price target 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. DA Davidson lifted their target price on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Three 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’s stock. According to data from MarketBeat, Bank of Hawaii has a consensus rating of “Hold” and an average price target of $73.00.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $61.44 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The company has a fifty day moving average of $70.87 and a 200-day moving average of $71.00. The firm has a market capitalization of $2.44 billion, a P/E ratio of 17.76 and a beta of 0.87.

Bank of Hawaii (NYSE:BOH) last posted its quarterly 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%. As a group, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 4.56%. Bank of Hawaii’s payout ratio is currently 80.92%.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the transaction, the insider now directly owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.07% of the company’s stock.

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.