Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 20.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,611 shares of the bank’s stock after selling 1,218 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Bank of Hawaii were worth $264,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Bank of Hawaii by 7.2% in the second quarter. Renaissance Technologies LLC now owns 102,400 shares of the bank’s stock worth $5,858,000 after buying an additional 6,900 shares during the period. Dimensional Fund Advisors LP increased its position in Bank of Hawaii by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock worth $45,167,000 after buying an additional 98,465 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Bank of Hawaii by 8.7% during the 2nd quarter. WINTON GROUP Ltd now owns 16,029 shares of the bank’s stock valued at $917,000 after acquiring an additional 1,286 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Bank of Hawaii by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 168,145 shares of the bank’s stock valued at $9,620,000 after purchasing an additional 18,747 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Bank of Hawaii during the 2nd quarter worth $332,000. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Trading Down 0.7 %

Shares of NYSE BOH opened at $62.43 on Monday. The company’s fifty day moving average is $65.37 and its 200-day moving average is $61.10. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 16.09 and a beta of 1.05. Bank of Hawaii Co. has a twelve month low of $45.56 and a twelve month high of $75.19.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The firm had revenue of $255.62 million for the quarter, compared to analyst estimates of $157.12 million. During the same period in the prior year, the company earned $1.12 earnings per share. Equities research analysts predict that Bank of Hawaii Co. will post 3.45 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.80 annualized dividend and a yield of 4.49%. Bank of Hawaii’s payout ratio is presently 72.16%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DA Davidson raised their price objective on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group increased their target price on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Piper Sandler lowered shares of Bank of Hawaii from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $70.00 to $61.00 in a report on Monday, August 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, Bank of Hawaii currently has an average rating of “Reduce” and a consensus target price of $59.00.

Insider Transactions at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 2,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $67.80, for a total value of $160,279.20. Following the completion of the sale, the insider now directly owns 10,785 shares in the company, valued at approximately $731,223. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.11% 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.