Fmr LLC Buys 28,271 Shares of Bank of Hawaii Co. (NYSE:BOH)

Fmr LLC grew its stake in Bank of Hawaii Co. (NYSE:BOH) by 351.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,309 shares of the bank’s stock after acquiring an additional 28,271 shares during the quarter. Fmr LLC owned 0.09% of Bank of Hawaii worth $2,279,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bank of Hawaii during the second quarter valued at $106,000. Point72 DIFC Ltd bought a new position in shares of Bank of Hawaii during the second quarter valued at $119,000. UMB Bank n.a. lifted its holdings in shares of Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Bank of Hawaii during the second quarter valued at $172,000. Finally, Crestwood Advisors Group LLC bought a new position in shares of Bank of Hawaii during the third quarter valued at $207,000. 82.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

BOH has been the topic of a number of research analyst reports. Barclays upped their price target on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Piper Sandler upped their price objective on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson upped their price objective on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Stephens initiated coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Bank of Hawaii has an average rating of “Hold” and a consensus price target of $71.83.

Insider Activity

In related news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares in the company, valued at $991,327.59. The trade was a 8.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.11% of the company’s stock.

Bank of Hawaii Trading Down 0.8 %

Shares of NYSE BOH opened at $74.08 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The business’s 50 day moving average price is $73.41 and its 200-day moving average price is $66.19. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 4.86 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The company had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same period last year, the business posted $1.17 EPS. On average, sell-side analysts expect that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.78%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

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.