Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,725 shares of the bank's stock after selling 16,852 shares during the quarter. Envestnet Asset Management Inc. owned about 0.38% of Bank of Hawaii worth $10,880,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in Bank of Hawaii by 91.2% during the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank's stock valued at $5,870,000 after buying an additional 44,599 shares during the period. Geode Capital Management LLC raised its stake in shares of Bank of Hawaii by 1.2% in the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank's stock valued at $57,025,000 after acquiring an additional 10,357 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Bank of Hawaii by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank's stock valued at $5,435,000 after acquiring an additional 10,390 shares during the period. Cadinha & Co. LLC lifted its holdings 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 worth $277,000 after acquiring an additional 423 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $139,000 after purchasing an additional 812 shares during the period. Institutional investors own 82.18% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. 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 research note on Tuesday. DA Davidson raised their price target on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Finally, Piper Sandler upped their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $73.17.

Bank of Hawaii Trading Up 1.3 %

BOH traded up $0.89 during trading on Wednesday, hitting $67.70. 47,747 shares of the stock were exchanged, compared to its average volume of 473,367. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 19.57 and a beta of 0.87. The firm has a 50 day simple moving average of $67.64 and a 200 day simple moving average of $70.91. 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 - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The company had revenue of $169.87 million during the quarter, compared to analyst estimates of $168.65 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. As a group, equities analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current 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 issued a $0.70 dividend. 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 4.14%. Bank of Hawaii's dividend payout ratio is presently 80.92%.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the business'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 transaction of $33,661.53. Following the sale, the insider now directly owns 9,880 shares in the company, valued at approximately $740,703.60. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.07% of the company's stock.

Bank of Hawaii Company 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.