Bank of Montreal Can Acquires 254 Shares of Bank of Hawaii Co. (NYSE:BOH)

Bank of Montreal Can increased its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,592 shares of the bank’s stock after purchasing an additional 254 shares during the quarter. Bank of Montreal Can’s holdings in Bank of Hawaii were worth $327,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BOH. Barclays PLC grew its stake in shares of Bank of Hawaii by 91.2% during 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. JPMorgan Chase & Co. grew its holdings in shares of Bank of Hawaii by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank’s stock worth $5,435,000 after purchasing an additional 10,390 shares in the last quarter. Cadinha & Co. LLC increased its stake in shares of Bank of Hawaii by 12.2% in the 4th quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock valued at $277,000 after purchasing an additional 423 shares during the last quarter. KBC Group NV lifted its stake in Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after purchasing an additional 812 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in shares of Bank of Hawaii by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Trading Down 0.5 %

NYSE:BOH opened at $66.50 on Thursday. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70. The company has a market cap of $2.65 billion, a PE ratio of 19.22 and a beta of 0.87. 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 firm has a 50-day moving average of $67.51 and a 200-day moving average of $70.88.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The company 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 last year, the company earned $0.87 earnings per share. As a group, equities research analysts expect 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. Stockholders of record on Friday, May 30th will be issued a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.21%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Analyst Upgrades and Downgrades

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

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction on 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 in the company, valued at $688,708.84. This represents a 17.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction on 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 owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.07% of the stock is owned by insiders.

About Bank of Hawaii

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.