3,138 Shares in Bank of Hawaii Co. (NYSE:BOH) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,138 shares of the bank’s stock, valued at approximately $224,000.

Several other institutional investors have also modified their holdings of BOH. Public Employees Retirement System of Ohio acquired a new position in shares of Bank of Hawaii in the fourth quarter worth about $49,000. SBI Securities Co. Ltd. acquired a new position in shares of Bank of Hawaii in the fourth quarter worth about $50,000. Headlands Technologies LLC lifted its stake in shares of Bank of Hawaii by 285.8% in the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after acquiring an additional 703 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Bank of Hawaii in the fourth quarter worth about $70,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Bank of Hawaii by 204.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock worth $110,000 after acquiring an additional 1,037 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays boosted their price target on Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Bank of Hawaii has an average rating of “Hold” and an average price target of $73.17.

Insider Activity at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total transaction of $109,279.80. Following the completion of the transaction, the insider now directly owns 6,442 shares of the company’s stock, valued at approximately $426,138.30. This represents a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.07% of the stock is owned by corporate insiders.

Bank of Hawaii Stock Down 0.4%

Shares of Bank of Hawaii stock opened at $65.13 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.59 billion, a P/E ratio of 18.82 and a beta of 0.77. Bank of Hawaii Co. has a fifty-two week low of $55.30 and a fifty-two week high of $82.70. The business has a 50-day moving average price of $66.61 and a 200 day moving average price of $69.48.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $169.87 million during 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 period in the previous year, the company earned $0.87 earnings per share. On average, sell-side analysts forecast that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.30%. The ex-dividend date was Friday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

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.