Barclays PLC Increases Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Barclays PLC boosted its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 49.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,857 shares of the bank's stock after buying an additional 46,353 shares during the quarter. Barclays PLC owned approximately 0.35% of Bank of Hawaii worth $9,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOH. Norges Bank bought a new stake in Bank of Hawaii during the 4th quarter valued at $27,495,000. JPMorgan Chase & Co. raised its holdings in Bank of Hawaii by 188.8% during the 4th quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock valued at $17,817,000 after buying an additional 163,503 shares during the last quarter. ExodusPoint Capital Management LP purchased a new position in Bank of Hawaii during the 4th quarter valued at $4,798,000. Congress Asset Management Co. increased its position in Bank of Hawaii by 108.6% during the 4th quarter. Congress Asset Management Co. now owns 127,500 shares of the bank's stock valued at $9,083,000 after purchasing an additional 66,366 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Bank of Hawaii by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock valued at $111,955,000 after purchasing an additional 60,092 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Up 0.7 %

Shares of Bank of Hawaii stock traded up $0.44 during trading on Monday, hitting $66.36. The company's stock had a trading volume of 551,589 shares, compared to its average volume of 369,514. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The company has a fifty day simple moving average of $67.09 and a two-hundred day simple moving average of $71.02. The company has a market capitalization of $2.64 billion, a PE ratio of 19.18 and a beta of 0.87. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million during the quarter, compared to analyst estimates 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 last year, the business earned $0.87 EPS. Equities research analysts predict that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid 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 4.22%. Bank of Hawaii's dividend payout ratio is currently 78.65%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BOH. DA Davidson boosted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Barclays boosted their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler boosted their price objective on shares of 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 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $73.17.

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 shares were 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 directly owns 9,173 shares in the company, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Taryn L. Salmon sold 1,652 shares of the firm's stock in a transaction dated 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. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,101 shares of company stock worth $293,101. 2.07% of the stock is owned by corporate insiders.

Bank of Hawaii 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.