Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,727 shares of the bank's stock after purchasing an additional 7,554 shares during the period. LPL Financial LLC's holdings in Bank of Hawaii were worth $1,263,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BOH. SBI Securities Co. Ltd. bought a new stake in Bank of Hawaii in the fourth quarter worth about $50,000. Smartleaf Asset Management LLC grew its stake in Bank of Hawaii by 204.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock worth $110,000 after buying an additional 1,037 shares in the last quarter. KBC Group NV boosted its position in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after buying an additional 812 shares during the period. Xponance Inc. purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth about $201,000. Finally, Choreo LLC purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 82.18% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BOH. DA Davidson raised their target price 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. Piper Sandler raised their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their target price on Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $73.17.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock traded up $1.30 during trading hours on Wednesday, reaching $68.11. 37,583 shares of the company's stock were exchanged, compared to its average volume of 364,765. 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 company has a market capitalization of $2.71 billion, a P/E ratio of 19.68 and a beta of 0.87. The business has a fifty day moving average of $67.64 and a two-hundred day moving average of $70.91. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The business had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. As a group, research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.11%. Bank of Hawaii's payout ratio is 80.92%.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 9,880 shares of the company's stock, valued at $740,703.60. This represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction on Friday, January 31st. The stock was 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 approximately $688,708.84. This trade represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate 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.