BNP Paribas Financial Markets Has $1.33 Million Holdings in Bank of Hawaii Co. (NYSE:BOH)

BNP Paribas Financial Markets decreased its position in Bank of Hawaii Co. (NYSE:BOH) by 26.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,706 shares of the bank’s stock after selling 6,590 shares during the period. BNP Paribas Financial Markets’ holdings in Bank of Hawaii were worth $1,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Perigon Wealth Management LLC lifted its holdings in Bank of Hawaii by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after buying an additional 154 shares during the period. Mariner LLC lifted its holdings in Bank of Hawaii by 1.7% in the fourth quarter. Mariner LLC now owns 9,076 shares of the bank’s stock valued at $647,000 after buying an additional 154 shares during the period. Bank of Montreal Can increased its stake in Bank of Hawaii by 5.9% in the fourth quarter. Bank of Montreal Can now owns 4,592 shares of the bank’s stock valued at $327,000 after purchasing an additional 254 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Bank of Hawaii by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,089 shares of the bank’s stock valued at $291,000 after purchasing an additional 260 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in Bank of Hawaii by 1.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank’s stock valued at $1,572,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Stock Down 0.2%

Bank of Hawaii stock opened at $69.86 on Tuesday. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The stock has a market cap of $2.78 billion, a PE ratio of 20.19 and a beta of 0.76. The firm’s 50-day simple moving average is $66.62 and its 200 day simple moving average is $71.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last released 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 firm had revenue of $169.87 million for the quarter, compared to analysts’ expectations of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same period in the previous year, the company earned $0.87 earnings per share. Research analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii’s payout ratio is 78.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an “underweight” rating in a research note on Tuesday, April 22nd. DA Davidson lifted 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. Finally, Piper Sandler lifted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” 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 given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.17.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 1,652 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total transaction of $109,279.80. Following the sale, the insider now directly owns 6,442 shares in the company, valued at approximately $426,138.30. This represents a 20.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.07% of the company’s stock.

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.