Invesco Ltd. Sells 2,497 Shares of Bank of Hawaii Co. (NYSE:BOH)

Invesco Ltd. reduced its stake in Bank of Hawaii Co. (NYSE:BOH) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,949 shares of the bank’s stock after selling 2,497 shares during the period. Invesco Ltd. owned 0.38% of Bank of Hawaii worth $10,754,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Bank of Hawaii during the fourth quarter worth $50,000. Headlands Technologies LLC raised its stake in Bank of Hawaii by 285.8% during the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after buying an additional 703 shares during the period. CoreFirst Bank & Trust bought a new position in Bank of Hawaii during the fourth quarter worth about $70,000. Smartleaf Asset Management LLC grew its stake in Bank of Hawaii by 204.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after acquiring an additional 1,037 shares during the period. Finally, KBC Group NV increased its holdings in shares of Bank of Hawaii by 70.9% in the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after acquiring an additional 812 shares in the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BOH has been the subject of several research analyst reports. DA Davidson boosted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Piper Sandler upped their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Finally, Barclays raised their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.17.

Insiders Place Their Bets

In other news, insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $74.97, for a total transaction of $33,661.53. Following the transaction, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the sale, the chief accounting officer now owns 9,173 shares of the company’s stock, valued at $688,708.84. This trade represents 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 Trading Up 3.7 %

Shares of NYSE:BOH opened at $66.73 on Wednesday. The company’s 50-day moving average price is $67.64 and its two-hundred day moving average price is $70.91. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $2.65 billion, a PE ratio of 19.29 and a beta of 0.87.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $169.87 million for the quarter, compared to analyst estimates of $168.65 million. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, equities analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.20%. Bank of Hawaii’s payout ratio is 80.92%.

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.