Dimensional Fund Advisors LP Purchases 42,719 Shares of Bank of Hawaii Co. (NYSE:BOH)

Dimensional Fund Advisors LP boosted its holdings in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 840,574 shares of the bank's stock after buying an additional 42,719 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.11% of Bank of Hawaii worth $59,884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOH. Vanguard Group Inc. raised its stake in Bank of Hawaii by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock valued at $329,001,000 after acquiring an additional 31,918 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 4.0% in the fourth 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. Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Bank of Hawaii by 9.5% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 563,259 shares of the bank's stock worth $40,127,000 after buying an additional 48,999 shares during the last quarter. Norges Bank bought a new stake in shares of Bank of Hawaii during the 4th quarter worth about $27,495,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Bank of Hawaii by 188.8% during the 4th quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock worth $17,817,000 after buying an additional 163,503 shares during the period. Institutional investors own 82.18% of the company's stock.

Insider Activity

In related news, insider Taryn L. Salmon sold 1,652 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the sale, the insider now directly owns 6,442 shares of the company's stock, valued at $426,138.30. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.07% of the company's stock.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $67.24 on Friday. The stock has a market capitalization of $2.68 billion, a PE ratio of 19.43 and a beta of 0.87. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The business has a fifty day moving average price of $66.82 and a two-hundred day moving average price of $70.96.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. The firm had revenue of $169.87 million for the quarter, compared to the consensus estimate 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 prior year, the company posted $0.87 earnings per share. As a group, equities 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 firm 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, May 30th. Bank of Hawaii's payout ratio is presently 78.65%.

Analysts Set New Price Targets

Several brokerages have issued reports on BOH. Piper Sandler raised their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. DA Davidson boosted their price target on 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, Barclays increased their price objective on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Bank of Hawaii currently has an average rating of "Hold" and an average target price of $73.17.

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.

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